N.J. Admin. Code § 3:6-6.1

Current through Register Vol. 56, No. 23, December 2, 2024

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 17:9A-36(2). Participating accounts will thus be provided with a readily accessible medium for short-term investment of their cash balances.