N.J. Admin. Code § 3:6-6.1

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

Section 3:6-6.1 - Type of investment

Cash held for various fiduciary accounts may be invested on a short term basis in a variable account note of a single borrower by a bank defined in N.J.S.A. 17:9A-36(2). Participating accounts will thus be provided with a readily accessible medium for short-term investment of their cash balances.