New Jersey Administrative Code
Title 3 - BANKING
Chapter 6 - GENERAL PROVISIONS
Subchapter 6 - SHORT-TERM INVESTMENT OF CASH IN FIDUCIARY ACCOUNTS
Section 3:6-6.1 - Type of investment
Universal Citation: NJ Admin Code 3:6-6.1
Current through Register Vol. 56, No. 18, September 16, 2024
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.
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