Section 18A:56-11 - Investment in bonds secured by mortgages

NJ Rev Stat § 18A:56-11 (2019) (N/A)
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18A:56-11. Investment in bonds secured by mortgages

No part of the principal or interest of the fund shall be invested in bonds secured by mortgage on lands except as hereinafter provided in the case of purchase money mortgages.

L.1967, c.271