New Jersey Revised Statutes § 2a:29a-3 - Insolvency Or Bankruptcy Of Person Receiving Money Deposited Or Advanced

2A:29A-3. Insolvency or bankruptcy of person receiving money deposited or advanced
In the event of the insolvency or bankruptcy of the person receiving the said moneys, the claim of the person who paid the said moneys shall constitute a statutory trust with respect to any moneys so received and not previously expended in accordance with the terms of the contract or agreement.

L.1962, c. 208, s. 3.


Section: Previous  2a-28-1  2a-28-2  2a-28-3  2a-28-4  2a-29-1  2a-29a-1  2a-29a-2  2a-29a-3  2a-29a-4  2a-29b-1  2a-29b-2  2a-30-1  2a-30a-1  2a-30a-2  2a-30b-1  Next

Last modified: October 11, 2016