Skip to main content
THIS SITE
PREVIOUS SECTION Go back to sections Go back to the chapter Go back to the N.J. Statutes homepage NEXT SECTION


New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 50: Exchange of contracts authorized; law exclusive

      Section: 17:50-6: General deposit with Commissioner; filing certificate by foreign exchange

           Each domestic exchange transacting business in this State shall keep and maintain with the Commissioner of Insurance a general deposit of cash or securities in the sum of not less than $100,000.00. In the case of foreign exchanges, a certificate of such deposit with the chief insurance officer of the State of domicile shall be filed with the Commissioner of Insurance of this State.

L.1945, c.161, s.6; amended 1989,c.264,s.11.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17:50-6 (if available):



Court decisions that cite this statute: CLICK HERE.