3B:20-28 - Deposit of securities by fiduciary
3B:20-28. Deposit of securities by fiduciary
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.