17:9A-32 - Recourse to security fund - New Jersey Statutes

17:9A-32.  Recourse to security fund    Recourse may be had to the fund created pursuant to section thirty-one upon  application to the Superior Court, upon such notice as it shall direct, which  shall include notice to the depositing bank, following the entry of a judgment  against the bank for a breach of any fiduciary obligation or obligations to one  or more persons for whose benefit the fund was deposited. The Superior Court  shall make such order on such application as it shall deem proper and necessary  to preserve the rights of all those for whose benefit the fund was deposited.

     L.1948, c. 67, p. 222, s. 32.  Amended by L.1953, c. 17, p. 163, s. 17.