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17:44B-21. Holding, investment, disbursement of assets |
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New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.228, and J.R.15) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE |
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17: 44B-21. Holding, investment, disbursement of assets 17: 44B-21. Holding, investment, disbursement of assets 21. a. All assets shall be held, invested and disbursed for the use and benefit of the society and no member or beneficiary shall have or acquire individual rights...
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therein or become entitled to any apportionment on the surrender of any part of the assets, except as provided in the benefit contract. b. A society may create, maintain, invest, disburse and apply any special fund or funds necessary to carry...
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