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New Jersey Statutes - Title 3B Administration of Estates--decedents and Others - 3B:17-12 Fiduciary, receiver or assignee; rental of safe deposit box; expenses of safe-keeping of securitiesLegal Research Home > New Jersey Laws > Administration of Estates Decedents and Others > New Jersey Statutes - Title 3B Administration of Estates--decedents and Others - 3B:17-12 Fiduciary, receiver or assignee; rental of safe deposit box; expenses of safe-keeping of securities A fiduciary, receiver or assignee for the benefit of creditors may include as a part of the lawful expense of executing his trust a reasonable sum paid to a bank, trust company or safe deposit company organized under the laws of this State, or to a national bank doing business in this State, for safe deposit box rental for the safe-keeping or custody of the securities of the trust, as may be allowed by the court. A fiduciary, receiver or assignee for the benefit of creditors who holds under a lease or owns a vault within this State may include as a part of the lawful expense of executing his trust a reasonable sum for the safe-keeping of the securities and other property of the trust in the vault as may be allowed by the court. L.1981, c. 405, s. 3B:17-12, eff. May 1, 1982. Sections: Previous 17-5 17-6 17-7 17-8 17-9 17-10 17-11 17-12 17-13 18-2 18-3 18-4 18-5 18-6 18-7 Next Last modified: February 13, 2012 |
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