17:18-2 - Membership in federal home loan bank - New Jersey Statutes

17:18-2.  Membership in federal home loan bank    An insurance company incorporated under the laws of this state may become a  member of the federal home loan bank organized in the district in which the insurance company is located under the provisions of the act of congress known as the  "federal home loan bank act" , approved July twenty-second, one thousand nine hundred and thirty-two.  The insurance company may subscribe for,  purchase, hold and surrender from time to time such amounts of the capital  stock of the federal home loan bank as may be required under the "federal home  loan bank act"  or any amendment thereof in order to obtain and continue its  membership or as the insurance company may desire to purchase or hold, and  become a member of the federal home loan bank and assume all the responsibilities and be entitled to all the benefits of such membership as imposed and conferred by the  "federal home loan bank act" .