N.J. Stat. § 17:9A-49

Current through L. 2024, c. 62.

Section 17:9A-49 - Definitions

For the purposes of this article.

"Reserve depositary" includes

(a) A Federal Reserve bank,

(b) A member of a Federal Reserve bank organized in a Federal Reserve district which includes all or any part of this State, which shall be approved by the commissioner as a reserve depositary,

(c) A bank which is not a member of the Federal Reserve System, but which shall be approved by the commissioner as a reserve depositary, and

(d) A member of a Federal Reserve bank organized in a Federal reserve district which does not include all or any part of this State; provided, such member is approved by the commissioner as a reserve depositary.

N.J.S. § 17:9A-49

L.1948, c.67, p.231, s.49; amended by L.1951, c.34, p.140, s.1; L.1979, c.226, s.7, eff. 10/12/1979; L.1981, c.373, s.2, eff. 12/30/1981.