N.J. Stat. § 17:9-42
Current through L. 2024, c. 62.
The receipt and holding of public funds on deposit by a public depository is a voluntary activity undertaken by that depository. However, no governmental unit shall deposit public funds in a public depository unless such funds are secured by the depository, and the depository is otherwise in compliance, or acting in accordance with, this act.
N.J.S. § 17:9-42