New Jersey § 17:12b-169
Full text of New Jersey New Jersey Statutes § 17:12b-169, with citation guidance and answers to common questions.
§ 17:12b-169.
(1) No uninsured State association shall make any of the investments authorized by
this act, except investments in account loans, obligations of or guaranteed as to
principal and interest by the United States of America, stock of the Federal Home
Loan Bank Board of which it is eligible to be a member; and any other obligations
of any Federal Home Loan Bank Board System or obligations of any agency or instrumentality
of the United States of America, if and so long as, the sum of its cash on hand in
the banks and the value of its investments in obligations of the United States of
America and of agencies and instrumentalities of the United States of America, is
less than 5% of its capital. (2) No State association shall make any of the investments authorized by this act,
except investments in obligations of, or guaranteed as to principal and interest by
the United States of America, stock of the Federal Home Loan Bank of which it is eligible
to be a member; and in other obligations of any Federal Home Loan Bank or banks,
or the Federal Home Loan Bank System, or obligations of any agency or instrumentality
of the United States of America, at any time when any application for withdrawal remains
unpaid in whole or in part, 90 days after the date of the filing thereof.
Frequently Asked Questions About New Jersey § 17:12b-169
What does New Jersey Statutes § 17:12b-169 cover?
Section 17:12b-169 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-169?
A common citation format is "New Jersey Statutes § 17:12b-169" (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-169 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.