New Jersey § 32:1-35
Full text of New Jersey New Jersey Statutes § 32:1-35, with citation guidance and answers to common questions.
§ 32:1-35.
The obligations issued by the Port Authority to provide funds for any marine terminal
purpose are hereby made securities in which all state and municipal officers and bodies
of both states, all trust companies and banks other than savings banks, all building
and loan associations, savings and loan associations, investment companies and other
persons carrying on a commercial banking business, all insurance companies, insurance
associations and other persons carrying on an insurance business, and all administrators,
executors, guardians, trustees and other fiduciaries, and all other persons and legal
entities whatsoever (other than savings banks), who are now or may hereafter be authorized
by either state to invest in bonds of such state, may properly and legally invest
any funds, including capital, belonging to them or within their control, and those
obligations are hereby made securities which may properly and legally be deposited
with and shall be received by any state or municipal officer or agency of either state
for any purpose for which the deposit of bonds of that state is now or may hereafter
be authorized. The obligations issued by the Port Authority to provide funds for any marine terminal
purpose as security for which the general reserve fund of the Port Authority authorized
by R.S. 32:1-141 et seq. shall have been pledged in whole or in part are hereby made securities in which all
savings banks also may properly and legally invest any funds, including capital, belonging
to them or within their control.
Frequently Asked Questions About New Jersey § 32:1-35
What does New Jersey Statutes § 32:1-35 cover?
Section 32:1-35 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 § 32:1-35?
A common citation format is "New Jersey Statutes § 32:1-35" (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 § 32:1-35 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.