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Can you summarize NJST 3B:20-23?

Banking institution acting as fiduciary

October 11, 2023

Short Summary

An exchange or conversion of shares may be made pursuant to this article notwithstanding that the fiduciary which holds the shares in the trust estate is the banking institution which issued them. Amended 1997, c.26, s.20.

Jurisdiction

New Jersey

Source

NJST 3B:20-23 [https://reggi.cloud.regology.com/regulations/US-NJST/US-NJST_T_3B_S_20-23]

Banking

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