New Jersey § 3a:15-13
Full text of New Jersey New Jersey Statutes § 3a:15-13, with citation guidance and answers to common questions.
§ 3a:15-13.
a. When bonds, mortgages, shares of stock, other securities or other property come
to a fiduciary as part of the assets which he is to administer, or as part of the
estate he is to control or manage, the fiduciary may institute proceedings before
the court by which he was appointed or which has jurisdiction of his accounts for
direction as to the sale, conversion or retention as an investment of such securities. The court shall make such order and direction in the premises as it shall deem most
advantageous to the estate or trust fund and the interests of persons entitled to
share therein. b. A fiduciary continuing to hold securities as investments in accordance with an
order or direction of court pursuant to this section shall not be held accountable
for any loss by reason of such continuance. This section shall not be deemed to limit the effect of any provision of this article.
Frequently Asked Questions About New Jersey § 3a:15-13
What does New Jersey Statutes § 3a:15-13 cover?
Section 3a:15-13 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 § 3a:15-13?
A common citation format is "New Jersey Statutes § 3a:15-13" (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 § 3a:15-13 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.