New Jersey § 52:18a-84
Full text of New Jersey New Jersey Statutes § 52:18a-84, with citation guidance and answers to common questions.
§ 52:18a-84.
The State Treasurer shall, whenever he shall deem the same necessary, designate no more than two Deputy Directors of the Division of Investment , who shall be a person or persons qualified by training and experience to undertake such an office, and who shall serve
as deputy director unless and until disapproved in writing by the State Investment
Council. A second deputy director shall be designated only under the conditions set forth in
this section. The State Treasurer's designation shall be in writing and shall be filed with the
Secretary of State. The State Treasurer may at any time change or cancel one or both designations , which change or cancellation shall be in writing and shall be filed with the Secretary
of State. A Deputy Director of the Division of Investment shall have and exercise such of the
powers and perform such of the functions and duties of the director as the director
shall authorize and direct. Any such authorization and direction shall be in writing, signed by the State Treasurer
and by the Director of the Division of Investment, and filed with the Secretary of
State, and shall include a designation of the period during which it shall be and
remain in force. No such authorization and direction shall be deemed to preclude the director himself
from exercising the powers and the performance of the duties included in said authorization
and direction. In the event that a vacancy occurs in the office of the director for any cause whatsoever,
the person then holding the office of deputy director shall continue to hold such
office and shall exercise the powers and perform the functions and duties of the director
until the successor to the director shall be appointed and shall qualify. The State Treasurer may designate a second deputy director of the division for a period
not to exceed six months in anticipation of a vacancy in the director's position provided
that the person so designated shall be the person the State Treasurer shall appoint
as the Director of the Division of Investment pursuant to section 6 of P.L.1950, c.
270 ( C.52:18A-84 ) within or at the conclusion of the six-month period. Notwithstanding any other provision of law to the contrary, the State Treasurer shall
determine the salary for the position of deputy director the amount of which shall
not exceed 95% of the salary of the director.
Frequently Asked Questions About New Jersey § 52:18a-84
What does New Jersey Statutes § 52:18a-84 cover?
Section 52:18a-84 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 § 52:18a-84?
A common citation format is "New Jersey Statutes § 52:18a-84" (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 § 52:18a-84 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.