N.J. Admin. Code § 17:16-61.6

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:16-61.6 - Admission and withdrawal

(a) Admission to or withdrawal from the fund shall be permitted on any business day. Admissions prior to such time as may be established by the Director from time to time will receive credit for net income available for distribution for such day if such admissions remain in the fund through the close of such day. Withdrawals from the fund will receive credit for net income available for distribution only as of the close of the day next preceding such withdrawal.

(b) All admissions and withdrawals will be made in cash.

Amended by R.1985 d.554, effective 11/4/1985.
See: 17 N.J.R. 2095(a), 17 N.J.R. 2676(a).
Recodified from 31.12.
Amended by R.1998 d.130, effective 3/2/1998.
See: 30 N.J.R. 61(a), 30 N.J.R. 859(b).
In (a), changed time from noon to 1:00 P.M. to receive credit for admissions.
Recodified from N.J.A.C. 17:16-61.11 and amended by R.2006 d.317, effective 9/5/2006.
See: 38 N.J.R. 2039(a), 38 N.J.R. 3632(a).
Section was "Admission and withdrawal of participating units". In (a), deleted "common" preceding "fund" two times. Former N.J.A.C. 17:16-61.6, Units of participation, recodified to N.J.A.C. 17:16-61.3.
Amended by R.2014 d.038, effective 3/3/2014.
See: 45 N.J.R. 1477(a), 46 N.J.R. 442(a).
In (a), substituted "such time as may be established by the Director from time to time" for "1:00 P.M.".