New Jersey Code § 17:45-23

Minimum assets
Open in Lexace · Ask the AI about this section
17:45-23. Minimum assets
Every such mutual benefit association shall have, and maintain, assets of a market value, in the opinion of the Commissioner of Banking and Insurance of this State, of not less than three hundred thousand dollars ($300,000.00).
L.1948, c. 467, p. 1913, s. 2.

‹ Prev All New Jersey sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.