N.J.S.A. 38A:11-1 — Funds of disbanded organizations

38A:11-1. Funds of disbanded organizations The Adjutant General shall secure and hold in custody the funds of disbanded organizations after settling such necessary obligations as may be presented for payment within six months after such disbandment. Whenever any disbanded organization shall be replaced within a year, the moneys shall be transferred by the Adjutant General to the new organization. If no new organization be organized within such year, the funds may be expended in such manner as he deems best. L.1963, c. 109. Amended by L.1984, c. 181, s. 18, eff. Nov. 14, 1984.

This is the verbatim text of N.J.S.A. 38A:11-1, 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.