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New Jersey Statutes, Title: 58, WATERS AND WATER SUPPLY

    Chapter 1b:

      Section: 58:1b-15: Bonds as legal investment

           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 issued pursuant to the act, and such bonds shall be authorized security for any and all public deposits.

L.1981, c. 293, s. 15, eff. Oct. 7, 1981.



This section added to the Rutgers Database: 2012-09-26 13:37:57.






Older versions of 58:1b-15 (if available):



Court decisions that cite this statute: CLICK HERE.