N.J.S.A. 17:24-9

Investment of surplus in stock of certain companies

17:24-9. Investment of surplus in stock of certain companies Any company, other than a life insurance company, organized and authorized to transact business under chapters 17 to 33 of this title (s. 17:17-1 et seq.), may also invest not exceeding twenty-five per cent of its surplus in the common stock of any nondividend-paying insurance company or companies organized in and authorized to transact business in this state.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 17:24-9, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.