New Jersey § 17:9a-27
Full text of New Jersey New Jersey Statutes § 17:9a-27, with citation guidance and answers to common questions.
§ 17:9a-27.
A plan may be effected and maintained through (a) a fund accumulated from the income of a bank, or set aside out of surplus, out
of which retirement benefits may be paid directly, or which may be used, in whole
or in part, for the purchase of annuity or insurance contracts, or both; or (b) A trust fund or funds accumulated or set aside and administered for the purposes
and in the manner provided by paragraph (a) of this section, to be held in trust by
the bank or by a trustee or trustees designated by the bank, and which shall not be
subject to any law against perpetuities, restraints on alienation, or perpetual accumulations;
or (c) the purchase of group annuity or insurance contracts, or both; or (d) a fund accumulated by contributions made thereto by two or more corporations which
are banks, savings banks or national banks of this State or of any other State, pursuant
to a retirement system created under the laws of this State or of the State of New
York, limited in membership to such corporations and providing for the retirement
of officers and employees of such corporations; or (e) a plan (1) which is administered by a corporation not for pecuniary profit organized
under the laws of this State, (2) in which two or more banks, savings banks or national
banks, participate or are members; and (3) which is underwritten by a group annuity
contract issued by a life insurance company authorized to transact business in this
State.
Frequently Asked Questions About New Jersey § 17:9a-27
What does New Jersey Statutes § 17:9a-27 cover?
Section 17:9a-27 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 § 17:9a-27?
A common citation format is "New Jersey Statutes § 17:9a-27" (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 § 17:9a-27 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.