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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 37b:
Section: 40:37b-40: Bonds as legal investments
Notwithstanding any restriction contained in any other law, the State and all public officers, municipalities, counties, political subdivisions and public bodies, 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, money or other funds belonging to them or within their control in any bonds issued pursuant to this act and such bonds shall be authorized security for any and all public deposits.
L.1967, c. 136, s. 40, eff. June 28, 1967.
This section added to the Rutgers Database: 2012-09-26 13:37:51.
Older versions of 40:37b-40 (if available):
Court decisions that cite this statute:
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