New Jersey § 43:13-22
Full text of New Jersey New Jersey Statutes § 43:13-22, with citation guidance and answers to common questions.
§ 43:13-22.
All retirements shall be made and pensions allowed under this act by the commission. The commission shall have control and management of the fund and of the retirement
of the members of the system and may make all necessary rules and regulations regarding
the same not inconsistent with this act. The members of the commission shall be the trustees of the fund and shall have full
power to invest and reinvest the fund, subject to all the terms, conditions, limitations
and restrictions imposed by the laws of the State upon life insurance companies in
the making and disposing of their investments; and subject to like terms, conditions,
limitations, and restrictions, such trustees shall have full power to hold, purchase,
sell, assign, transfer, and dispose of any securities and investments in which the
fund shall have been invested, as well as the proceeds of such investments; provided,
however, that no restrictions as to the percentages of various classifications of
investments now or hereafter described by the statutes establishing legal investments
for life insurance companies under the laws of the State shall be applicable. The commission shall deposit the fund in any depository lawful for the deposit of
municipal funds. Any agreement, release, acquittance, satisfaction, and any and all other documents
which may be required in the management of the fund shall be executed by the president
and secretary on behalf of the commission. The commission shall make an annual report of the condition of the fund and the manner
in which the same is invested.
Frequently Asked Questions About New Jersey § 43:13-22
What does New Jersey Statutes § 43:13-22 cover?
Section 43:13-22 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 § 43:13-22?
A common citation format is "New Jersey Statutes § 43:13-22" (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 § 43:13-22 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.