Title 49, Title 49: SALE OF SECURITIES

49:2-5. Contracts regarding servicing of obligations Any public issuer, pursuant to ordinance or resolution, may contract with any bank, trust company or national banking association, or other institution, depository or fiduciary, or any person, firm or corporation located within…

49:2-6. Execution of obligation; signature Any obligation in registered form may be executed by the officer or officers of the public issuer authorized to do so with a facsimile signature in lieu of the manual signature of the authorized officer or officers, and the corporate sea…

49:2-7. Powers as supplemental; inconsistent laws The powers granted in this act shall be supplemental and additional to any powers conferred by other laws upon public issuers and not in derogation of any powers now existing. To the extent the provisions of this act are inconsist…

49:2A-1 Short title. 1. This act shall be known and may be cited as the "New Jersey Bond Volume Cap Allocation Act." L.1987, c.393, s.1; amended 2009, c.76, s.1.

49:2A-2 Findings, determinations. 2. The Legislature finds and determines that: a. The Internal Revenue Code of 1986, 26 U.S.C. s.146 et seq., as amended, by the "Tax Reform Act of 1986," Pub.L.99-514, and as thereafter amended, hereinafter referred to as the "Code," imposes an a…

49:2A-3 Definitions. 3. As used in this act: a. "Bond" means a revenue obligation, security, bond, note, debenture, certificate or other evidence of indebtedness of an issuer. b. "Carryforward" means that portion of the State volume cap for any calendar year which is unused durin…

49:2A-4 Allocation of State volume cap. 4. a. In order to ensure that the limited amounts of available tax-exempt private activity bond financing, tax-credit bond financing, and tax-subsidy bond financing are used in the most effective manner by issuers, the Governor is authorize…

49:2A-5 Annual report. 5. The Governor shall submit to the Legislature, after January 1, 1988 and on or before January 20, 1988, and after January 1 and on or before January 20 annually thereafter, a written report providing a review of the allocation of the State volume cap duri…

49:2B-1. Short title 1. This act shall be known and may be cited as the "Refunding Bond Act of 1985." L.1985,c.74,s.1.

49:2B-10. Issues as separate series, interest payable 10. When refunding bonds are issued from time to time, the refunding bonds of each issue shall constitute a separate series to be designated by the issuing officials. Each series of refunding bonds shall bear rates of interest…

49:2B-11. Sale 11. Refunding bonds may be issued and sold at public or private sale at prices and terms, conditions and regulations as the issuing officials may prescribe. L.1985,c.74,s.11.

49:2B-12. Temporary bonds 12. Until permanent refunding bonds can be prepared, the issuing officials may, in their discretion, issue in lieu of the permanent refunding bonds, temporary refunding bonds in a form and with privileges as to registration and exchange for permanent ref…

49:2B-13. Application of proceeds 13. a. Proceeds derived from the sale of each series of refunding bonds shall be applied, together with any other moneys legally available therefor, to the payment of the expenses authorized by this act and to the immediate payment of the princip…

49:2B-14. Application of trust amounts 14. The moneys and the principal of and interest on government securities held in trust as provided in section 13 of this act shall be applied for the purposes provided in this act, and those amounts are appropriated for those purposes. L.19…

49:2B-15. Replacement of lost bonds or coupons 15. If any coupon refunding bonds or coupons thereunto appertaining or any registered refunding bonds become lost, mutilated or destroyed, a new refunding bond or coupon shall be executed and delivered of like tenor, in substitution …

49:2B-16. Application of accrued interest 16. Accrued interest received upon the sale of refunding bonds shall be applied to the discharge of a like amount of interest upon those bonds when due. Any expense incurred by the issuing officials for advertising, engraving, printing, c…

49:2B-17. Maturities 17. Each series of refunding bonds shall mature, including any sinking fund redemptions, at those times not later than five years following the latest scheduled maturity date, determined without regard to any redemptions prior thereto, of any of the outstandi…

49:2B-18. Bonds secured by amounts in trust 18.a. Any refunding bonds and any coupons appertaining thereto shall no longer be deemed to be outstanding, shall no longer constitute a direct obligation of the State of New Jersey and the faith and credit of the State shall no longer …

49:2B-19. Appropriations 19. To provide funds to meet the interest and principal payment requirements for the refunding bonds issued under this act and outstanding, there is hereby appropriated in the order following: a. Revenue derived from the collection of taxes as provided by…

49:2B-2. Findings 2. The Legislature finds that: a. Many series of bonds of the State have been issued periodically to fulfill the various purposes for which those bonds were authorized; b. It has been necessary to sell some series of bonds of the State at times when interest rat…

49:2B-20. Insufficiency of funds 20. Should the State Treasurer, by December 31 of any year, deem it necessary, because of insufficiency of funds to be collected from the sources of revenues as provided in this act, to meet the interest and principal payments for the year after t…

49:2B-21. Reports, legislative authority 21.a. The issuing officials named in section 6 of this act shall cause to be prepared and delivered to the Joint Appropriations Committee's Subcommittee on Transfers, or its successor, reports or information as the subcommittee may request…

49:2B-3. Definitions 3. As used in this act: a. "Outstanding bonds" means any bonds of the State of New Jersey, and the interest coupons, if any, appertaining thereto, which have heretofore been issued or which are hereafter issued pursuant to any law of the State and which are d…

49:2B-4. Amount authorized 4. Refunding bonds of the State of New Jersey are authorized to be issued in an amount not to exceed the amount necessary to effectuate the refinancing of all or any portion of any series of outstanding bonds in accordance with the terms and conditions …

49:2B-5. Refunding bonds, terms 5. a. Refunding bonds shall be serial bonds or term bonds or a combination thereof and shall be known as "refunding bonds." They may be subject to redemption prior to maturity, including any sinking fund redemptions, at any time not later than five…

49:2B-6. Issuing officials 6. The Governor, State Treasurer and Comptroller of the Treasury or any two of those officials (hereinafter referred to as "the issuing officials") are authorized to carry out the provisions of this act relating to the issuance of refunding bonds, and s…

49:2B-7. Pledge 7. Refunding bonds issued in accordance with the provisions of this act shall be a direct obligation of the State of New Jersey and the faith and credit of the State are pledged for the payment of the interest thereon as it shall become due and the payment of the …

49:2B-8. Authentication 8. Refunding bonds shall be signed in the name of the State by the Governor or by his facsimile signature, under the Great Seal of the State (which seal may be by facsimile or by way of any other form of reproduction on the refunding bonds), and attested b…

49:2B-9. Recitals 9.a. Refunding bonds shall recite that they are issued for the purposes set forth in section 4 of this act and that they are issued in pursuance of this act and that this act was enacted in accordance with the provisions of the Constitution of the State of New J…

48:3-89 Provision of access to records. 6. a. A broker-dealer or investment adviser shall provide access to, or copies of records that are relevant to the suspected or attempted financial exploitation of an eligible adult to agencies charged with administering State adult protect…

49:3-47 Title amended; "act" defined. 30. This act amending and supplementing the "Uniform Securities Law (1967)" shall be known and may be cited as the "Uniform Securities Law (1997)." "Act" as used in this revision means this 1997 act amending and supplementing the "Uniform Sec…

49:3-49 Definitions relative to Uniform Securities Law. 2. When used in this act, unless the context requires otherwise: (a) "Bureau" means the agency designated in subsection (a) of section 19 of P.L.1967, c.93 (C.49:3-66); (b) "Agent" means any individual other than a broker-de…

49:3-50 Exemptions of certain securities. 3. (a) The following securities are exempted from the provisions of sections 13 and 16 of P.L.1967, c.93 (C.49:3-60 and 49:3-63): (1) Any security (including a revenue obligation) issued or guaranteed by the United States, any state, any …

49:3-51 Applicability of act. 4. (a) Sections 5, 8, subsection (a) of section 9, and sections 13 and 24 of P.L.1967, c.93 (C.49:3-52, 49:3-55, 49:3-56, 49:3-60 and 49:3-71) apply to persons who sell or offer to sell when (1) an offer to sell is made in this State, or (2) an offer…

49:3-52. Unlawful activities It shall be unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly (a) To employ any device, scheme, or artifice to defraud; (b) To make any untrue statement of a material fact or to omit to st…

49:3-52.1 Prohibitions relative to securities. 5. (a) Without limiting the general applicability of section 5 of P.L.1967, c.93 (C.49:3-52), a person may not: (1) quote a fictitious price with respect to a security; (2) effect a transaction in a security which involves no change …

49:3-52.2 Sales of securities, misleading use of senior-specific certifications. 1. a. A person who uses a certification or professional designation to indicate or imply that the user has special training in advising or servicing senior citizens or retirees (hereinafter, a "senio…

49:3-53 Prohibited practices relative to investment adviser. 6. (a) It shall be unlawful for any person who receives, directly or indirectly, any compensation from another person for advising the other person as to the value of securities or their purchase or sale, whether throug…

49:3-54 False, misleading statements. 7. It is unlawful for any person to make or cause to be made, in any document filed with the bureau or in any proceeding, investigation or examination conducted under this act, any statement which is, at the time and in the light of the circu…

49:3-55 Determination of validity of filed document. 8. (a) Neither (1) the fact that an application for registration of any persons or a registration statement of any security has been filed nor (2) the fact that a person or security is effectively registered constitutes a findi…

49:3-56 Registration required. 9. (a) It shall be unlawful for any person to act as a broker-dealer, agent, investment adviser or investment adviser representative or Internet site operator in this State unless that person is registered or exempt from registration under this act;…

49:3-57 Obtaining initial, renewal registration. 10. (a) A broker-dealer, agent, investment adviser or investment adviser representative, or Internet site operator may obtain an initial or renewal registration by filing with the bureau an application together with a consent to se…

49:3-58 Denial, suspension, revocation of registration. 11. (a) The bureau chief may by order deny, suspend, or revoke any registration if he finds: (1) that the order is in the public interest; and (2) that the applicant or registrant or, in the case of a broker-dealer, investme…

49:3-59 Maintenance of records, examination. 12. (a) (Deleted by amendment, P.L.1997, c.276.) (b) Every registered broker-dealer and investment adviser shall make and keep those accounts, correspondence, memoranda, papers, books, and other records as the bureau chief by rule pres…

49:3-60 Offer or sale of securities, lawful; conditions. 13. It is unlawful for any security to be offered or sold in this State unless: (a) The security or transaction is exempt under section 3 of P.L.1967, c.93 (C.49:3-50); (b) (Deleted by amendment, P.L.1997, c.276.) (c) (Dele…

49:3-60.1 Documents required to be filed. 14. (a) The bureau chief, by rule or otherwise, may require the filing of any or all of the following documents with respect to a federal covered security under paragraph (2) of subsection (b) of section 18 of the "Securities Act of 1933,…