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Code · New Jersey · Title 52 — Savings and Loan Associations [Repealed] · Chapter 14

52:14-15b. Total amount for all employees

102 words·~1 min read·/nj/title-52/chapter-14/52-14-15b

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

If more than one employee designates the same banking institution as the depository for his or her net pay, the State Treasurer, in the case of State employees, and the proper disbursing officer in all other cases, may make the deposits by sending to the banking institution an electronic fund transfer, a computer tape or a check that is drawn in favor of the banking institution for the total amount designated by these employees and by specifying the amount to be credited to the account of each of those employees.
Amended by L. 1981, c. 385, s.2; 1987, c. 38, s. 3.
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