™Your Policy Risk Impact Agent
131 chapters · 3,637 sections in this title.
N.J.S.A. 17:9-41 Definitions.
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17:9-41 Definitions. 1. In this act, unless the context otherwise requires: "Adequately capitalized" means, with respect to a public depository, "adequately capitalized" as the term is defined in subsection (b) of section 38 of the "Federal Deposit Insurance Act," Pub.L.81-797 (1…
N.J.S.A. 17:9-42 Security requirement for public depositories.
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17:9-42 Security requirement for public depositories. 2. The receipt and holding of public funds on deposit by a public depository is a voluntary activity undertaken by that depository. However, no governmental unit shall deposit public funds in a public depository unless such fu…
N.J.S.A. 17:9-43 Powers of commissioner.
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17:9-43 Powers of commissioner. 3. The commissioner shall have power: a. To require any public depository to furnish financial information on a quarterly basis, due on the same day as the due date for filing a call report on a depository's overall condition under federal or state…
N.J.S.A. 17:9-43.1 Eligible collateral requirement for certain public funds.
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17:9-43.1 Eligible collateral requirement for certain public funds. 3. a. (1) Except as set forth in subsection b. of this section concerning extraordinary amounts of public funds on deposit, every public depository having public funds on deposit therein that are not insured by t…
