New Jersey Statutes
§ 3B:20-28 — Deposit of securities by fiduciary
New Jersey·Title 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Notwithstanding any other provision of law, a fiduciary holding securities in a trust estate, or any banking institution holding securities as a custodian or managing agent, or as custodian for a fiduciary, is authorized to deposit or arrange for the deposit of the securities in a clearing corporation. L.1981, c. 405, s. 3B:20-28, eff. May 1, 1982.
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Nearby Sections
15
§ 3B:20-1
Definitions§ 3B:20-11.1
Short title§ 3B:20-11.11
Construction of terms§ 3B:20-11.12
Applicability of act§ 3B:20-11.4
Diversification of investments§ 3B:20-11.6
Impartiality of fiduciary§ 3B:20-11.7
Review of trust assets§ 3B:20-11.8
Incurrence of costs by fiduciary§ 3B:20-11.9
Rule expresses standard of conduct