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New Jersey Corporations And Institutions For Finance And Insurance Laws Section 17:1C-43 Procedure for collection.

Legal Research Home > New Jersey Lawyer > Corporations and Institutions for Finance and Insurance > New Jersey Corporations And Institutions For Finance And Insurance Laws Section 17:1C-43 Procedure for collection.


    11. Within 10 days after receipt of the notice and certified copy of the statement of the assessment, the State Treasurer shall proceed to collect the amount stated to be due, with legal interest, by seizure and sale of any goods or chattels, including stocks, securities, bank accounts, surety bonds, realty, evidences of debt and accounts receivable belonging to the regulated entity anywhere within the State.  The State Treasurer shall not seize any goods or chattels held by the regulated entity on behalf of another.

    L.2005,c.199,s.11.

Last modified: October 23, 2006