New Jersey § 3a:14a-7

§ 3a:14a-7.

A. Except as hereinafter in this section provided, (a) any profit or loss arising from the sale, exchange, redemption, maturity or other

disposition of securities held in an estate, shall enure to or fall upon principal,

regardless whether the cost of acquisition of such securities by the fiduciary is

in excess of or less than the proceeds of such sale, exchange, redemption, maturity

or other disposition; and regardless further, when such securities were acquired

by the person establishing the estate, whether such proceeds are in excess of or less

than the value, measured by any standard, of such securities at the time they became

part of the estate; (b) when the fiduciary acquires a security at a cost in excess of or less than the

par, maturity, or redemption value of such security, or, when a security held in an

estate was acquired by the person establishing the estate, and, at the time such estate

was established, the value of such security, measured by any standard, was in excess

of or less than the par, maturity or redemption value of such security, income shall

not be subjected to any charge to amortize such excess, nor shall income be entitled

to any credit by way of accumulation on account of such deficiency. B. Nothing in this section shall affect the ascertainment of principal and income

in respect to United States Savings Bonds and United States Savings Certificates as

provided by section 3A:15-3 of the New Jersey Statutes . C. Any increment or decrease in value arising on the sale or maturity of United States

Treasury Bills shall enure to or fall upon income.