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Session Laws, 1898 Session
Volume 482, Page 727   View pdf image (33K)
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LLOYD LOWNDES, ESQUIRE, GOVERNOR.

or by any Orphans' Court or other court, either of this State
or of any one of the United States ; and that in all cases where
application shall be made to any court of this State for the
appointment of any receiver, trustee, administrator, executor,
assignee, guardian of any minor or minors, or committee of a
lunatic, it shall and may be lawful for such court to appoint
the said corporation, with its assent, such receiver, trustee,
administrator, executor, assignee, guardian or committee, and
the accounts of said corporation as such receiver, trustee, admin-
istrator, executor, assignee, guardian or committee, shall be
regularly settled and adjusted before the court making such
appointment ; and upon such settlement and adjustment, all
proper, legal and customary charges, costs and expenses, shall
be allowed to said corporation, for its care and management of
the trusts and estates aforesaid, in accordance with the practice
of the court so appointing in the case of natural persons when
so appointed ; and the said corporation, as such receiver, trus-
tee, administrator, executor, assignee, guardian or committee,
shall be subject to all lawful orders or decrees made by such
court.

SEC. 4. And be it further enacted, That when any court

727

shall appoint said corporation as receiver, trustee, administra-
tor, executor, assignee, guardian or committee, or shall order
the deposit of money or other valuables of any kind with said
corporation, the court, if it deem it necessary, may from time
to time appoint suitable persons to investigate the affairs and
management of said corporation, who shall report to such court
the manner in which such investments are made, and the
security afforded to those by or for whom its engagements are
held, and the expenses of such investigation shall be defrayed
by said corporation, or the court may, if deemed necessary,
examine the officers of said corporation under oath or affirma-
tion as to the security aforesaid.

SEC. 5. And be it further enacted, That any and every court
into which moneys may be paid or deposited by agreement of
parties, order, judgment or decree of such court, may order

Investigation
to be made.

and direct the same to be deposited with said corporation ; and
any individual or administrator, executor, guardian, committee,
receiver, assignee, trustee, State, county or municipal govern-
ment or corporation or public officer, or any person or persons
acting for others, having the custody of any bonds, stocks,
securities, moneys or valuables, shall be authorized by the
proper court to deposit the same for safe keeping with the said
corporation.

Bonds,
stocks, etc.,
deposited
with said
corporation



 
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Session Laws, 1898 Session
Volume 482, Page 727   View pdf image (33K)
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