New Jersey § 3b:20-3
Full text of New Jersey New Jersey Statutes § 3b:20-3, with citation guidance and answers to common questions.
§ 3b:20-3.
Any bank may, when acting as sole fiduciary or when acting as cofiduciary, with the
consent of a cofiduciary or cofiduciaries, cause any certificates for shares of stock,
bonds, debentures, notes or other securities, herein denominated “securities”, held
in fiduciary capacities, to be registered and held in the name of a nominee of the
corporate fiduciary without disclosing the fiduciary capacity in which the securities
are held; provided, that a. The records of the fiduciary or fiduciaries and all accounts rendered by it or
them shall at all times clearly show the ownership of the securities so registered, b. The securities shall at all times be kept separate and apart from the assets of
the fiduciary or fiduciaries, and c. The nominee shall not have possession of or access to the securities.
Frequently Asked Questions About New Jersey § 3b:20-3
What does New Jersey Statutes § 3b:20-3 cover?
Section 3b:20-3 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:20-3?
A common citation format is "New Jersey Statutes § 3b:20-3" (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:20-3 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.