N.Y. Surrogate's Court Procedure Act § 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 ...

§ 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.