N.J.S.A. 52:18A-89.7 — Encouragement of adherence by corporations

52:18A-89.7. Encouragement of adherence by corporations The director shall, where necessary, appropriate, and consistent with prudent standards for fiduciary practice, initiate and support shareholder petitions or initiatives requiring adherence by the corporation to the standards set forth in section 2 of this act. L. 1987, c. 177, s. 4. 52:18A-89.8. Investments in Israeli obligations 1. Notwithstanding the provisions of section 11 of P.L.1950, c.270 (C.52:18A-89) or any other law, rule or regulation to the contrary, the Director of the Division of Investment in the Department of the Treasury shall have the authority to invest and reinvest the assets of any pension or annuity fund under the jurisdiction of the division in securities at fair market value issued and unconditionally guaranteed as to interest and principal by the State of Israel. L.1995,c.175,s.1.

This is the verbatim text of N.J.S.A. 52:18A-89.7, 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.