Section 1

Section 1. In any suit, action or proceeding hereafter commenced to enforce the payment of cash by a bank, bank and trust company, or a trust company, acting as fiduciary by reason of the fact that any mortgage upon real estate securing a bond, or real estate acquired thereunder constituting a trust investment has been carried in the name of such corporate fiduciary on the public records, the court having jurisdiction over such suit, action or proceeding may, upon such terms and conditions as to it seem necessary and proper under the circumstances of each case, stay such suit, action or proceeding, for a period not exceeding two years from the effective date of this act, upon petition of the corporate fiduciary, showing the investment to have been made in good faith for the account of the cestuis que trustent, and otherwise in compliance with law, and that such investment has been kept separate and apart from the corporate assets of the fiduciary on its own books and records, and clearly designated thereon as the property of the cestuis que trustent.