New Jersey A5163 mandates funds from lawsuits involving the Attorney General be held in escrow by approved financial institutions.
New Jersey A5163 requires funds received by the state from lawsuits in which the Attorney General participated to be held in escrow by certain financial institutions. These institutions must meet specific criteria, including maintaining at least 15% of their total deposits in the state, being licensed by the Department of Banking and Insurance, and providing escrow, trust, or custody services.
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