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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Chapter 15: Bonds of fiduciaries; exceptions.
Section: 3B:15-17: Investment by surrogate
The court may direct that the moneys, or any part thereof, shall be invested by the surrogate of the county, where the guardian has been or shall be appointed, in United States Savings Bonds in the name of the minor, and in the event of the maturity of the bonds during the period of minority, the court may order the surrogate to reinvest the proceeds in other United States Savings Bonds having later maturity dates. The custody of the bonds shall be retained by the surrogate, and the moneys or bonds shall be subject to any order in respect thereto as may be made by the court. The moneys shall be paid out or the bonds surrendered by the surrogate only by order of the court.
L.1981, c. 405, s. 3B:15-17, eff. May 1, 1982.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 3b:15-17 (if available):
Court decisions that cite this statute:
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