New Jersey Statutes
§ 5:10-34 — Bonds or notes as legal investments and authorized security for public deposits
New Jersey·Title 5 AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS
The State and all public officers, governmental units and agencies thereof, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries, may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds or notes issued pursuant to this act, and such bonds or notes shall be authorized security for any and all public deposits. L.1978, c. 1, s. 8, eff. Feb. 23, 1978.
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Nearby Sections
15
§ 5:10-1
Short title§ 5:10-10
Bonds or notes; issuance; terms§ 5:10-11
Covenants to secure payment§ 5:10-13
Personal liability§ 5:10-19
Annual report; annual audit§ 5:10-2
Declaration of policy