New Jersey Statutes 18A:64-18.4. State Treasurer as custodian
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Terms Used In New Jersey Statutes 18A:64-18.4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the board of education. See New Jersey Statutes 18A:1-1
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
The State Treasurer shall be the custodian of the board‘s investment funds, shall select all depositories and custodians and shall negotiate and execute custody agreements in connection with the assets or investments of any of these funds.
L. 1986, c. 42, s. 11, eff. July 9, 1986.