New Jersey § 52:18-25.2 Railroad deposits;  moneys held for unpresented bonds; investment

New Jersey Statutes

§ 52:18-25.2 — Railroad deposits; moneys held for unpresented bonds; investment

New Jersey § 52:18-25.2

Title 52STATE GOVERNMENT, DEPARTMENTS AND OFFICERS

This text of New Jersey § 52:18-25.2 (Railroad deposits; moneys held for unpresented bonds; investment) 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. § 52:18-25.2 (2026).

Text

The State Treasurer is hereby authorized to invest and reinvest the following moneys, now in the State treasury, in the notes or bonds of the United States of America, to wit:

(a)Deposits of moneys by railroad companies for the construction of railroads, where the amount has remained unclaimed for more than twenty years.

(b)Moneys held on account of unpresented and unpaid bonds and coupons of the State of New Jersey where the bonds and coupons have not been presented for payment for at least two years from due date. L.1947, c. 158, p. 709, s. 1.

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The State Treasurer is hereby authorized to invest and reinvest the following moneys, now in the State treasury, in the notes or bonds of the United States of America, to wit: (a) Deposits of moneys by railroad companies for the construction of railroads, where the amount has remained unclaimed for more than twenty years. (b) Moneys held on account of unpresented and unpaid bonds and coupons of the State of New Jersey where the bonds and coupons have not been presented for payment for at least two years from due date. L.1947, c. 158, p. 709, s. 1.