New Jersey § 17:12b-56
Full text of New Jersey New Jersey Statutes § 17:12b-56, with citation guidance and answers to common questions.
§ 17:12b-56.
Any payments required to establish a pension fund out of which benefits may be paid
directly or to provide for prior service credits under the pension plan or for any
proper purpose in connection with the establishment or maintenance of a pension plan,
may with the approval of the commissioner be appropriated from the undivided profits
account and shall not be subject to the provisions of section 72 of this act. 1 In the event of a merger of 2 or more associations, any pension plan in effect in
a merging association may with the approval of the commissioner and the board of the
receiving State association be assumed by the receiving State association, and for
purposes of the pension, persons serving under the merging association shall be considered
to have served such employment under the receiving State association. 1
N.J.S.A. § 17:12B-72.
Frequently Asked Questions About New Jersey § 17:12b-56
What does New Jersey Statutes § 17:12b-56 cover?
Section 17:12b-56 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-56?
A common citation format is "New Jersey Statutes § 17:12b-56" (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-56 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.