3B:20-29 - Merger of certificates deposited - New Jersey Statutes

3B:20-29.  Merger of certificates deposited
    When securities are deposited, certificates representing securities of the same class of the same issuer may be merged and held in bulk in the name of the  nominee of the clearing corporation with any other securities deposited in the  clearing corporation by any person regardless of the ownership of the securities, and certificates of small denomination may be merged into one or more certificates of larger denomination.

     L.1981, c. 405, s. 3B:20-29, eff. May 1, 1982.