18A:20-16 - Investment of proceeds under direction of superior court - New Jersey Statutes

18A:20-16.  Investment of proceeds under direction of superior court
    The moneys arising from any such sale shall be invested, under the direction  of the superior court, by and in the name of the board of education to whom the  real estate so sold shall have been devised and shall be held by it in trust  for the uses and purposes set forth in the will. The court may from time to  time make such further orders and directions in the premises as shall conserve  the purposes of the trust and be deemed necessary to carry out the will of the  testator.
 
L.1967, c.271.