Every fiduciary or other representative is hereby authorized to make investments in bonds authorized to be issued hereunder, which shall be legal investments unless expressly prohibited by the instrument from which his authority derives.
N.J. Stat. Ann. § 18A:24-82
Legal investment for fiduciaries or other representative
Known as the The School Qualified Bond Act
The act spans §§ 18A:24-1 to 18A:24-97 (116 sections).
L.1971, c. 36, s. 17, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.