17:9A-182.3 - Investment in specified investment securities not otherwise authorized; regulations - New Jersey Statutes

17:9A-182.3.  Investment in specified investment securities not otherwise authorized;  regulations    The Commissioner of Banking shall have power to make, amend and repeal regulations authorizing savings banks to invest in specified investment securities not authorized by the act to which this is a supplement, or not otherwise authorized.   "Investment securities"  means those marketable corporate obligations in the form of bonds, debentures or similar instruments as are commonly known as investment securities under such further definition of  investment securities as may be prescribed by the commissioner pursuant to P.L.1948, c. 67 s. 60 (C. 17:9A-60(2)).

     L.1973, c. 368, s. 1, eff. Jan. 7, 1974.