New Jersey § 17:9a-316
Full text of New Jersey New Jersey Statutes § 17:9a-316, with citation guidance and answers to common questions.
§ 17:9a-316.
A foreign bank authorized by section 316 of P.L.1948, c. 67 ( C.17:9A-316 ) to act as trustee, fiduciary, executor, testamentary trustee or guardian may, when acting in such capacity, invest
any money received and held by it in such capacity, in any common trust fund or funds
maintained by it in accordance with the laws of the state of its incorporation; provided, that the instrument under which it is acting as trustee, fiduciary, executor, testamentary trustee or guardian does not specifically prohibit such investment
and any such investment is made subject to the provisions of subsection B of section
37 of P.L.1948, c. 67 ( C.17:9A-37 ), and the provisions of section 38 of P.L.1948, c. 67 ( C.17:9A-38 ) relating to investments by a qualified bank incorporated under the laws of this
State in a common trust fund; and provided that a qualified bank incorporated under
the laws of this State is permitted by the laws of the state of incorporation of such
foreign bank, when acting in a similar fiduciary capacity in that state to invest
any moneys, received and held by it in such capacity, in any common trust fund or
funds maintained by it in accordance with the laws of this State.
Frequently Asked Questions About New Jersey § 17:9a-316
What does New Jersey Statutes § 17:9a-316 cover?
Section 17:9a-316 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-316?
A common citation format is "New Jersey Statutes § 17:9a-316" (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-316 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.