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Code · New Jersey · Title 3B — Administration of Estates--Decedents and Others · Chapter 20

3B:20-29. Merger of certificates deposited

76 words·~1 min read·/nj/title-3b/chapter-20/3b-20-29

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When securities are deposited, certificates representing securities of the same class of the same issuer may be merged and held in bulk in the name of the nominee of the clearing corporation with any other securities deposited in the clearing corporation by any person regardless of the ownership of the securities, and certificates of small denomination may be merged into one or more certificates of larger denomination.
L.1981, c. 405, s. 3B:20-29, eff. May 1, 1982.
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