Transfer of ownership in securities deposited

  1. Law
  2. New Jersey Revised Statutes
  3. Administration of Estates--Decedents and Others
  4. Transfer of ownership in securities deposited

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3B:20-31. Transfer of ownership in securities deposited

Ownership of, and other interests in, securities deposited may be transferred by bookkeeping entry on the books of the clearing corporation without physical delivery of certificates representing the securities.

L.1981, c. 405, s. 3B:20-31, eff. May 1, 1982.


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