38A:11-1 - Funds of disbanded organizations - New Jersey Statutes

38A:11-1.  Funds of disbanded organizations    The Adjutant General shall secure and hold in custody the funds of disbanded  organizations after settling such necessary obligations as may be presented for  payment within six months after such disbandment.  Whenever any disbanded  organization shall be replaced within a year, the moneys shall be transferred  by the Adjutant General to the new organization.  If no new organization be  organized within such year, the funds may be expended in such manner as he  deems best.

     L.1963, c. 109.  Amended by L.1984, c. 181, s. 18, eff. Nov. 14, 1984.