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Code · New Jersey · Title 17 — Notice and Publication · Chapter 49A

17:49A-4. Joint insurance funds

82 words·~1 min read·/nj/title-17/chapter-49a/17-49a-4

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

a. The board of a nonprofit corporation may, by resolution, agree to participate with any other nonprofit corporation or corporations in a joint insurance fund for the purpose of insuring against liability, property damage, and workers' compensation.
b. The owner of a Keys amendment facility may agree, in writing, to participate with any other Keys amendment facility or facilities in a joint insurance fund for the purpose of insuring against liability, property damage, and workers' compensation.
L. 1987, c. 431, s. 4.
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