2006 New York Code - Deposit Of Securities May Be Ordered On Revocation Of Letters Or Removal



 
  § 722. Deposit  of securities may be ordered on revocation of letters or
           removal
    When upon the revocation of letters or removal of a fiduciary a decree
  is made in which such fiduciary is personally charged with  or  directed
  to  pay  a  sum  of  money  upon  a finding that he has made an unlawful
  investment or disposition of the estate in his hands and the security or
  other instrument by which such investment or disposition is evidenced or
  the property in the purchase of which such investment or disposition has
  been made shall not be a part of the assets which his successor  may  be
  required legally to receive, the decree may direct that such security or
  other  instrument  or  such property, if practicably capable of delivery
  under such direction, be forthwith deposited with a safe deposit company
  in such manner as to prevent the withdrawal of the property except  upon
  the order of the court.

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