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Code · New Jersey · Title 52 — Savings and Loan Associations [Repealed] · Chapter 18A

52:18A-89.10 Sale, redemption, divestiture, withdrawal from certain investments; time.

103 words·~1 min read·/nj/title-52/chapter-18a/52-18a-89-10·

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3. The State Investment Council and the Director of the Division of Investment shall, after reviewing the recommendations of, and consulting with, an independent research firm that specializes in global security risk for portfolio determinations selected by the Treasurer, take appropriate action to sell, redeem, divest or withdraw any investment held in violation of the provisions of this act. This act shall not be construed to require the premature or otherwise imprudent sale, redemption, divestment or withdrawal of an investment, but such sale, redemption, divestment or withdrawal shall be completed not later than three years following the effective date of this act.
L.2005,c.162,s.3.
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