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Code · New Jersey · Title 52 — Savings and Loan Associations [Repealed] · Chapter 25

52:25-16.5. Definitions

160 words·~1 min read·/nj/title-52/chapter-25/52-25-16-5·

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

As used in this act:
a. "Director" means the Director of the Division of Purchase and Property in the Department of the Treasury.
b. "Independent institution of higher education" means a college or university incorporated and located in New Jersey, which by virtue of law or character or license, is a nonprofit educational institution authorized to grant academic degrees and provide a level of education which is equivalent to the education provided by the State's public institutions of higher education as attested by the receipt of and continuation of regional accreditation by the Middle States Association of Colleges and Schools, and which is eligible to receive State aid under the provisions of the Constitution of the United States and the Constitution of the State of New Jersey, but does not include any educational institution dedicated primarily to the education or training of ministers, priests, rabbis or other professional persons in the field of religion.
L. 1985, c. 263, s. 1.
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