New Jersey § 58:5-54
Full text of New Jersey New Jersey Statutes § 58:5-54, with citation guidance and answers to common questions.
§ 58:5-54.
Notwithstanding any restriction contained in any other law, the State and all public
officers, municipalities, counties, political subdivisions and public bodies, and
agencies thereof, all banks, bankers, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations, investment companies,
and other persons carrying on a banking business, all insurance companies, insurance
associations and other persons carrying on an insurance business, and all executors,
administrators, guardians, trustees and other fiduciaries, may legally invest any
sinking funds, moneys or other funds belonging to them or within their control in
any bonds of a commission and such bonds shall be authorized security for any and
all public deposits.
Frequently Asked Questions About New Jersey § 58:5-54
What does New Jersey Statutes § 58:5-54 cover?
Section 58:5-54 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 § 58:5-54?
A common citation format is "New Jersey Statutes § 58:5-54" (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 § 58:5-54 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.