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Section 14A:8-2.1 - Trust funds for employees; creation; maintenance and administration

NJ Rev Stat § 14A:8-2.1 (2019) (N/A)
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14A:8-2.1. Trust funds for employees; creation; maintenance and administration

Any domestic or foreign corporation which has adopted, or hereafter adopts, a plan described in section 14A:8-1 may establish one or more trust funds of the property contributed or held by any corporation or any subsidiary thereof for the purposes of a plan. Any trust fund may be held and administered by the corporation adopting a plan or by any trustee or trustees, within or without this State, appointed by the corporation for that purpose.

(added) 1988,c.94,s.50.

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Section 14A:8-1 - Employee benefit plans.
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Section 14A:8-3.1 - Continuation of trust; law against perpetuities inapplicable