N.J. Admin. Code § 17:16-65.6

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:16-65.6 - Admission and withdrawal

(a) Admission to or withdrawal from the Common Funds shall be permitted as of the first business day of each month (or as of the end of each business day, if so determined by the Director), subject to the procedures of the Plan Administrator. Admissions to or withdrawals from the Outside Funds shall be permitted as of the end of each business day, subject to the procedures of the Plan Administrator.

(b) All admissions and withdrawals will be made in cash.

Amended by R.2005 d.347, effective 10/17/2005.
See: 37 N.J.R. 2150(a), 37 N.J.R. 4032(a).
Rewrote the section.
Amended by R.2006 d.79, effective 2/21/2006.
See: 37 N.J.R. 4193(a), 38 N.J.R. 1226(a).
Added "(or as of the end of each business day, if so determined by the Director)."
Recodified from N.J.A.C. 17:16-65.10 and amended by R.2006 d.317, effective 9/5/2006.
See: 38 N.J.R. 2039(a), 38 N.J.R. 3632(a).
Section was "Admission and withdrawal of units of participation". Inserted (a) and (b) designations; and in (a), substituted "January 1, 2006" for "the transition date". Former N.J.A.C. 17:16-65.6, Date of valuation, recodified to N.J.A.C. 17:16-65.4.
Amended by R.2012 d.194, effective 12/3/2012.
See: 44 N.J.R. 1966(a), 44 N.J.R. 2999(b).
In (a), deleted "(until January 1, 2006)" following "Admission to".