17:2-6.1 - Insured mortgages and bonds and obligations of national mortgage associations - New Jersey Statutes

17:2-6.1.  Insured mortgages and bonds and obligations of national mortgage  associations
    Wherever, by statute of this State, collateral is required as security for the deposit of public or other funds;  or deposits are required to be made with  any public official or department;  or an investment of capital or surplus, or  a reserve or other fund, is required to be maintained consisting of designated  securities, mortgage loans and bonds insured by the Federal Housing  Administrator and obligations of national mortgage associations shall be  eligible for such purposes.

     Amended by L.1938, c. 52, p. 147, s. 2.