New York Laws
Article 4-A - Trust Indentures and Interests Therein
129

(a) That the fees of the members of the committee, the assignee or the
other person or persons to whom the deposit agreement was given, as the
case may be, shall be reasonable and subject to the approval of the
court.
(b) That the deposit agreement may not be amended without the approval
of the court.
(c) That the mortgage investments deposited thereunder may not be
sold, pledged or otherwise disposed of without the unanimous consent of
the depositing bondholders or, in lieu thereof, the approval of the
court.
(d) No deposit agreement shall be valid or binding or confer any
rights whatever upon any member of a committee, assignee or other person
to whom the agreement was given, who has any financial interest directly
or indirectly in the depositary named or to be named by such committee,
assignee or other person, and no person shall act for a bondholder or a
deposit agreement who has such an interest.

Structure New York Laws