New Jersey § 3b:15-11
Full text of New Jersey New Jersey Statutes § 3b:15-11, with citation guidance and answers to common questions.
§ 3b:15-11.
If the value of an estate or fund is so great that the court in which the fiduciary
received his letters or appointment deems it inexpedient to require security in the
full amount prescribed by law, or if the estate or fund is in cash or is invested
in securities in which a fiduciary may by law invest money intrusted to him in his
fiduciary capacity without special order of any court, the court may direct that any
securities for the payment of money belonging to the estate or fund be deposited in
a savings bank, savings institution or trust company incorporated under the laws of
this State, or in a national bank, having safe deposit boxes for the use of private
individuals, and that any money belonging to the estate or fund be deposited in a
savings bank, savings institution or trust company incorporated under the laws of
this State or in a national bank, which depository shall be approved by the court
when it directs the making of the deposit.
Frequently Asked Questions About New Jersey § 3b:15-11
What does New Jersey Statutes § 3b:15-11 cover?
Section 3b:15-11 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 § 3b:15-11?
A common citation format is "New Jersey Statutes § 3b:15-11" (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 § 3b:15-11 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.