General deposit with Commissioner; filing certificate by foreign exchange

N.J. Stat. § 17:50-6
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Each domestic exchange transacting business in this State shall keep and maintain with the Commissioner of Insurance a general deposit of cash or securities in the sum of not less than $100,000.00. In the case of foreign exchanges, a certificate of such deposit with the chief insurance officer of the State of domicile shall be filed with the Commissioner of Insurance of this State. L.1945, c.161, s.6; amended 1989,c.264,s.11.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

Starting a business in New Jersey? New Jersey LLC guide: costs and requirements