GroundRules
N.J. Stat. § 2A:29A-3: Insolvency or bankruptcy of person receiving money deposited or advanced
Where this section sits in the code
- TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
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.
Collected 2026-08-27T17:54:13Z. Source file · JSON