New Jersey § 17:12b-129
Full text of New Jersey New Jersey Statutes § 17:12b-129, with citation guidance and answers to common questions.
§ 17:12b-129.
Each State association shall establish and maintain such special reserve accounts
as are required by the provisions of this act and may establish and maintain such
other reserve accounts as in the judgment of its board are necessary or desirable. Such reserve accounts may be established and maintained by transfers thereto from
net income, the undivided profits account or any other unapportioned profits. Any amount remaining in any reserve account established in accordance with this
section which is no longer needed for the purpose for which such reserve account was
established may be transferred to the undivided profits account or to the reserve
accounts established under the provisions of section 128 of this act. 1 1
N.J.S.A. § 17:12B-128.
Frequently Asked Questions About New Jersey § 17:12b-129
What does New Jersey Statutes § 17:12b-129 cover?
Section 17:12b-129 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 17:12b-129?
A common citation format is "New Jersey Statutes § 17:12b-129" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:12b-129 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.