N.J. Admin. Code § 3:32-1.9

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:32-1.9 - Liquidation account

Appropriate subaccount records shall be maintained for each eligible account holder with respect to each savings account. Such subaccount will represent a related inchoate interest in a portion of the liquidation account balance. Such initial interest shall be adjusted for withdrawals in the savings account subsequent to the eligibility record date in accordance with 12 CFR 563 b.

N.J. Admin. Code § 3:32-1.9

Amended by R.1998 d.559, effective 12/7/1998.
See: 30 New Jersey Register 3124(a), 30 New Jersey Register 4209(a).