17:45-23. Minimum assets
43 words·~1 min read·
/nj/title-17/chapter-45/17-45-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every such mutual benefit association shall have, and maintain, assets of a market value, in the opinion of the Commissioner of Banking and Insurance of this State, of not less than three hundred thousand dollars ($300,000.00).
L.1948, c. 467, p. 1913, s. 2.