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N.Y. SCP Law § 722

This is the official text of N.Y. SCP Law § 722, part of New York’s SCP Law — part of the compiled statutory law of New York, published by the state as "SCP Law." Browse the sections below, each linked to its official government source.

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Deposit of securities may be ordered on revocation of letters or removal When upon the revocation of letters or removal of a fiduciary a ...

Official statutory text

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

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.