17:9A-33 - Transfer of investments heretofore deposited
17:9A-33.Ā Transfer of investments heretofore deposited
Upon petition by a qualified bank which has heretofore deposited investmentsĀ with the Register of the Prerogative Court, as the said court was constitutedĀ prior to September 15, 1948, as a prerequisite to its appointment as fiduciaryĀ by any court or officer of this State and upon proof that a federal reserveĀ bank or qualified bank, authorized under subsection B of section 31 to act asĀ depositary pursuant to said section, has consented to receive and hold suchĀ investments as such depositary, the Superior Court shall order the transfer ofĀ such investments to such depositary and, upon such transfer, such investmentsĀ shall constitute a fund to be held subject to section 31.
L.1948, c. 67, p. 222, s. 33.
Ā
Upon petition by a qualified bank which has heretofore deposited investmentsĀ with the Register of the Prerogative Court, as the said court was constitutedĀ prior to September 15, 1948, as a prerequisite to its appointment as fiduciaryĀ by any court or officer of this State and upon proof that a federal reserveĀ bank or qualified bank, authorized under subsection B of section 31 to act asĀ depositary pursuant to said section, has consented to receive and hold suchĀ investments as such depositary, the Superior Court shall order the transfer ofĀ such investments to such depositary and, upon such transfer, such investmentsĀ shall constitute a fund to be held subject to section 31.
L.1948, c. 67, p. 222, s. 33.
Ā