{"data":{"id":"us-nj/n.j.-stat.-25-2-21","jurisdiction":"us-nj","citation":"N.J. Stat. § 25:2-21","heading":"Definitions:  A to H.","body":"Definitions: A to H.\nAs used in this article:\n\"Affiliate\" means:\na.\tA person who directly or indirectly owns, controls, or holds with power to vote, 20% or more of the outstanding voting securities of the debtor, other than a person who holds the securities:\n(1)\tAs a fiduciary or agent without sole discretionary power to vote the securities; or\n(2)\tSolely to secure a debt, if the person has not in fact exercised the power to vote;\nb.\tA corporation 20% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by the debtor or a person who directly or indirectly owns, controls, or holds with power to vote, 20% or more of the outstanding voting securities of the debtor, other than a person who holds the securities:\n(1)\tAs a fiduciary or agent without sole discretionary power to vote the securities; or\n(2)\tSolely to secure a debt, if the person has not in fact exercised the power to vote;\nc.\tA person whose business is operated by the debtor under a lease or other agreement, or a person substantially all of whose assets are controlled by the debtor; or\nd.\tA person who operates the debtor's business under a lease or other agreement or controls substantially all of the debtor's assets.\n\"Asset\" means property of a debtor, but the term does not include:\na.\tProperty to the extent it is encumbered by a valid lien;\nb.\tProperty to the extent it is generally exempt under nonbankruptcy law; or\nc.\tAn interest in property held in tenancy by the entireties to the extent it is not subject to process by a creditor holding a claim against only one tenant.\n\"Claim\", except as used in \"claim for relief,\" means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured.\n\"Creditor\" means a person who has a claim.\n\"Debt\" means liability on a claim.\n\"Debtor\" means a person who is liable on a claim.\n\"Electronic\" means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.\namended 2021, c.92, s.2.","path":["TITLE 25 FRAUDS AND FRAUDULENT CONVEYANCES"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"b7333fe21cb1509951ea07ebaf84d3c441c4bff87f14e77cd635c29425c2c02d","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-25-2-20","next":"us-nj/n.j.-stat.-25-2-22"},"notice":"GroundRules: Original legal text. Not legal advice."}