State Codes and Statutes

Statutes > New-jersey > Title-18a > Section-18a-66 > 18a-66-60

18A:66-60.  No interest in fund by trustees or employees
    Except as otherwise herein provided, no trustee and no employee of the board  of trustees shall have any direct interest in the gains or profits of any  investments of the retirement system;  nor shall any trustee or employee of the  board directly or indirectly, for himself or as an agent, in any manner use the  moneys of the retirement system, except to make such current and necessary  payments as are authorized by the board of trustees; nor shall any trustee or  employee of the board of trustees become an endorser or surety, or in any  manner an obligor for moneys loaned to or borrowed from the retirement system.

  L.1967, c.271; amended by L.1970, c. 57, s. 7, eff. May 18, 1970.