New Jersey § 52:18a-87
Full text of New Jersey New Jersey Statutes § 52:18a-87, with citation guidance and answers to common questions.
§ 52:18a-87.
The functions, powers and duties vested by law in the Board of Trustees of the State
Disability Benefits Fund and the Trustees for the Support of Public Schools, of, or
relating to, investment or reinvestment of moneys of, and purchase, sale or exchange
of any investments or securities of or for, any funds or accounts under the control
and management of such agencies, are hereby transferred to and shall be exercised
and performed for such agencies by the Director of the Division of Investment established
hereunder; provided, however, that before any such investment, reinvestment, purchase,
sale or exchange may be made by said director for or on behalf of any such agency,
he shall submit the details thereof to the State Treasurer, who shall, within forty-eight
hours, exclusive of Sundays and public holidays, after such submission to him, file
with the director his written acceptance or rejection of such proposed investment,
reinvestment, purchase, sale or exchange; and the director shall have authority to
make such investment, reinvestment, purchase, sale or exchange, for or on behalf of
such agency, unless there shall have been filed with him a written rejection thereof
by the State Treasurer as herein provided.
Frequently Asked Questions About New Jersey § 52:18a-87
What does New Jersey Statutes § 52:18a-87 cover?
Section 52:18a-87 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-87?
A common citation format is "New Jersey Statutes § 52:18a-87" (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-87 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.