New Jersey § 17:9a-45
Full text of New Jersey New Jersey Statutes § 17:9a-45, with citation guidance and answers to common questions.
§ 17:9a-45.
Whenever a claim is asserted against a fiduciary or beneficiary of a trust estate
which has a participation in a common trust fund, which claim would be enforceable
by legal or equitable process against the assets of the trust estate, such claim may
be enforced against the participation of the trust estate in the common trust fund
only by application, on five days notice to the bank, to the court from which process
would issue on the claim, and by order of that court directing the bank to withdraw
the participation of the trust estate from the common trust fund within such period
as the court shall determine as reasonable and as affording proper safeguard to the
participation of other trust estates in the common trust fund. The making of such an order shall impress a lien upon the participation and upon
the proceeds of the withdrawal of the participation from the common trust fund as
of the time of the application for such order, in the same manner and to the same
extent as if such process had issued and had been executed on the day of the making
of such application.
Frequently Asked Questions About New Jersey § 17:9a-45
What does New Jersey Statutes § 17:9a-45 cover?
Section 17:9a-45 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 17:9a-45?
A common citation format is "New Jersey Statutes § 17:9a-45" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:9a-45 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.