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New Jersey Statutes - Title 16 Corporations and Associations, Religious - 16:12-27 Investment in trust fund
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New Jersey Laws > Corporations and Associations Religious > New Jersey Statutes - Title 16 Corporations and Associations, Religious - 16:12-27 Investment in trust fund
16:12-27. Investment in trust fund
Notwithstanding the provisions of any other law of this State in any way limiting the right of said trustees, parishes, congregations, societies, chapels or missions as fiduciaries or otherwise, to invest funds held by them, it shall be lawful for said trustees, parishes, congregations, societies, chapels or missions as fiduciaries or otherwise, to invest any or all of their funds in shares of or interests in such common trust fund; provided, that in case of funds held as fiduciary, such investment is not prohibited by the provisions of the will, deed, or other instrument creating such fiduciary relationship.
L.1944, c. 139, p. 372, s. 2.
Sections: 12-20 12-21 12-22 12-23 12-24 12-25 12-26 12-27 12-28 12-29 12-30 12-31 13-1 13-2 13-3
Last modified: February 13, 2012
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