New Jersey Statutes 17B:28-8. Amounts placed in account; liabilities
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Terms Used In New Jersey Statutes 17B:28-8
- Contract: A legal written agreement that becomes binding when signed.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Except as may be otherwise specifically provided by the contract, all amounts with respect to any contract on a variable basis shall be placed in the variable contract account designated in such contract, and all liabilities on any such contract shall be set up in said account.
L.1971, c. 144, s. 17B:28-8 Amended by L.1977, c. 37, s. 6, eff. March 10, 1977.