New Jersey Statutes
§ 17:12B-6 — Gross income
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
"Gross income" shall mean the sum, for an accounting period, of the following:
(a)Operating income.
(b)Real estate income.
(c)All profits actually received during such accounting period from the sale or transfer of securities, real estate or other property unless credited directly to reserve accounts.
(d)Any nonrecurring income unless credited directly to reserve accounts. L.1963, c. 144, s. 6.
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Nearby Sections
15
§ 17:12B-1
Construction as revision of prior laws§ 17:12B-10
Per capita assets§ 17:12B-103
Pledge of account to association§ 17:12B-11
Mortgage deemed first lien.§ 17:12B-110
Transfer of membership§ 17:12B-111
Lost certificates and account books§ 17:12B-112
Termination of membership§ 17:12B-113
Notice to members§ 17:12B-114
Meeting place.§ 17:12B-115
Meetings§ 17:12B-116
Quorum