Bonds and/or stock of a New Jersey corporation or a national bank located in New Jersey or any money deposited in any trust company, bank, or other institution in the names of two or more fiduciaries as executors, administrators, trustees, or guardians, may, upon the death of one or more of such fiduciaries, be transferred without a New Jersey transfer inheritance tax and a New Jersey estate tax waiver, to, or on the order of, the surviving fiduciary or fiduciaries.
N.J. Admin. Code § 18:26-11.10