55:14K-33 - Bonds as legal investment - New Jersey Statutes

55:14K-33.  Bonds as legal investment    Notwithstanding any restriction contained in any other law, all banks, trust  companies, savings banks and institutions, building and loan associations,  savings and loan associations, investment companies, and other persons carrying  on a banking or investment business, all insurance companies, insurance  associations and other persons carrying on an insurance business, and all  executors, administrators, guardians, trustees and other fiduciaries, may  legally invest any sinking funds, moneys or other funds belonging to them or  within their control in any bonds issued pursuant to this act, and such bonds  shall be authorized security for any and all public deposits.

     L.1983, c. 530, s. 33, eff. Jan. 17, 1984.