New Jersey § 43:23-23
Full text of New Jersey New Jersey Statutes § 43:23-23, with citation guidance and answers to common questions.
§ 43:23-23.
a. The board may establish any or all of the following investment options: (1) a capital preservation fund, which prioritizes the security of the deposit over
the rate of return. If the board elects to establish a capital preservation fund, the board may provide
that the first $1,000 in contributions made by, or on behalf of, an enrollee shall
be deposited into the capital preservation fund and the board may provide for an account
revocation period during which, if the enrollee chooses to end participation in the
program, the enrollee may withdraw the deposited amounts from the capital preservation
fund without penalty; or (2) a life-cycle fund; or (3) any other investment option deemed appropriate by the board. b. The board shall designate by rule or regulation one of the investment options as
the default investment option for enrollees who fail to elect an investment option
and may, from time to time, amend, modify or repeal such investment options as it
deems necessary or proper, and may subsequently select, by rule or regulation, a different
investment option as the default investment option.
Frequently Asked Questions About New Jersey § 43:23-23
What does New Jersey Statutes § 43:23-23 cover?
Section 43:23-23 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 § 43:23-23?
A common citation format is "New Jersey Statutes § 43:23-23" (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 § 43:23-23 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.