N.J.S.A. 17:9A-180.3a — Transfer of securities to other classes becoming eligible for investment; determination of limitations

17:9A-180.3a. Transfer of securities to other classes becoming eligible for investment; determination of limitations Whenever a savings bank shall have made an investment pursuant to the act to which this is a supplement and any such security shall thereafter become eligible for investment under other statutes permitting investment by savings banks, said savings bank may transfer any such securities on its books to the class of investment under which such securities shall have become eligible for investment, and said securities shall not thereafter be included in the total of investments under the act to which this is a supplement by said savings bank in determining the limitations set forth in sections 2 and 3 of the act to which this is a supplement. L.1958, c. 152, p. 667, s. 2.

This is the verbatim text of N.J.S.A. 17:9A-180.3a, 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.