New Jersey Statutes 52:18A-118. Investment and reinvestment of assets of fixed division; fixed income securities
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Terms Used In New Jersey Statutes 52:18A-118
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
The assets of the Fixed Division shall be invested and reinvested principally in fixed income securities which are legal investments for life insurance companies organized under the laws of this State.
L.1963, c. 123, s. 12.