18A:64G-9 - Authorized investments - New Jersey Statutes

18A:64G-9.  Authorized investments
    The Director of the Division of Investment, in addition to other investments, presently or from time to time hereafter authorized by law, shall have authority, subject to any acceptance required, to invest and reinvest such  funds in, and to acquire for or on behalf of the board such bonds or other  evidence of indebtedness or capital stock or other securities issued by any  company incorporated within the United States or within the Dominion of Canada,  which shall be authorized or approved for investment by regulation of the State  Investment Council and in which life insurance companies organized under the  laws of this State may legally invest.

     L.1970, c. 102, s. 9.