New Jersey Statutes
§ 17:24-9 — Investment of surplus in stock of certain companies
New Jersey § 17:24-9
JurisdictionNew Jersey
Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
This text of New Jersey § 17:24-9 (Investment of surplus in stock of certain companies) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 17:24-9 (2026).
Text
Any company, other than a life insurance company, organized and authorized to transact business under chapters 17 to 33 of this title (s. 17:17-1 et seq.), may also invest not exceeding twenty-five per cent of its surplus in the common stock of any nondividend-paying insurance company or companies organized in and authorized to transact business in this state.
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Nearby Sections
15
§ 17:24-10
Investments in foreign securities§ 17:24-11
Bond and mortgage; sale or assignment of part with guaranty of payment; subordinate interests§ 17:24-13
Purpose of act; expenses of committee in investigation, analyses, and valuation of securities§ 17:24-14
Budget estimate§ 17:24-25
Partial repeal§ 17:24-26
Repeal§ 17:24-29
Permitted investments, qualifications.§ 17:24-30
Qualified investment pools.§ 17:24-31
Limits on permitted investments.Cite This Page — Counsel Stack
Bluebook (online)
New Jersey § 17:24-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/17/17%3A24-9.