N.J.S.A. 52:19-12 — Comptroller to countersign and register checks and receipts of treasurer; transfer of state funds; loans by treasurer

52:19-12. Comptroller to countersign and register checks and receipts of treasurer; transfer of state funds; loans by treasurer The comptroller shall countersign and register all checks and drafts drawn by the treasurer, and all receipts for money paid to the treasurer. Checks or drafts used only for the transfer of state funds from one depository to another drawn to the order of the "state treasurer, state of New Jersey" , and restrictively indorsed by the treasurer in the following manner: "Transfer of state funds--for deposit only" need not be countersigned by the comptroller. No receipts shall be evidence of payment unless so countersigned, and no loans shall be made by the treasurer unless with the concurrence of the comptroller.

This is the verbatim text of N.J.S.A. 52:19-12, 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.