N.J. Admin. Code § 3:6-5.1

Current through Register Vol. 57, No. 1, January 6, 2025

Section 3:6-5.1 - Exclusion from limitation on liability

(a) In "sales of Federal funds," the liability of a transferee bank to a transferor bank shall not be subject to any limitation on liability to a transferor bank imposed by N.J.S.A. 17:9A-62.

(b) In sales of Federal funds, the liability of a transferee bank to a transferor savings bank shall not be subject to any limitation on liability to a transferor savings bank.

N.J. Admin. Code § 3:6-5.1

R.1970 d.51, May 11, 1970.
See: 2 N.J.R. 30(b), 2 N.J.R. 46(a).
Amended by R.1974 d.27, eff. 2/1/1974.
See: 6 N.J.R. 2(b), 6 N.J.R. 97(b).
Amended by R.2001 d.203, effective 6/18/2001.
See: 33 N.J.R. 926(a), 33 N.J.R. 2079(c).
Rewrote the section.