New Jersey § 17:9A-44 Taxability

New Jersey Statutes

§ 17:9A-44 — Taxability

New Jersey § 17:9A-44

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:9A-44 (Taxability) 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. § 17:9A-44 (2026).

Text

No tax shall be imposed upon or payable by a bank as trustee of a common trust fund, nor shall the assets of any common trust fund or any participation therein be subject to taxation, but each trust estate having a participation in a common trust fund shall be taxable as if there were included therein its proportionate share of the assets of the common trust fund. L.1948, c. 67, p. 230, s.

44.Amended by L.1951, c. 46, p. 171, s. 7.

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No tax shall be imposed upon or payable by a bank as trustee of a common trust fund, nor shall the assets of any common trust fund or any participation therein be subject to taxation, but each trust estate having a participation in a common trust fund shall be taxable as if there were included therein its proportionate share of the assets of the common trust fund. L.1948, c. 67, p. 230, s. 44. Amended by L.1951, c. 46, p. 171, s. 7.