New Jersey § 15A:12-20 Disposition of rejected claims

New Jersey Statutes

§ 15A:12-20 — Disposition of rejected claims

New Jersey § 15A:12-20

Title 15ACORPORATIONS, NONPROFIT

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Bluebook

N.J. Stat. Ann. § 15A:12-20 (2026).

Text

If the corporation, or the receiver of a corporation appointed pursuant to this chapter, rejects in whole or in part any claim filed by a creditor, as defined in subsection c. of section 15A:12-18, the corporation or the receiver, as the case may be, shall mail notice of the rejection to the creditor. If the creditor does not bring suit upon the claim within 60 days from the time the notice was mailed, the creditor and all those claiming through or under that creditor shall, except as otherwise provided in this chapter, be forever barred from suing on the claim or otherwise realizing upon or enforcing it. Proof of the mailing required by this section shall be made by an affidavit filed in the office of the Secretary of State. L.1983, c. 127, s. 15A:12-20, eff. Oct. 1, 1983.

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If the corporation, or the receiver of a corporation appointed pursuant to this chapter, rejects in whole or in part any claim filed by a creditor, as defined in subsection c. of section 15A:12-18, the corporation or the receiver, as the case may be, shall mail notice of the rejection to the creditor. If the creditor does not bring suit upon the claim within 60 days from the time the notice was mailed, the creditor and all those claiming through or under that creditor shall, except as otherwise provided in this chapter, be forever barred from suing on the claim or otherwise realizing upon or enforcing it. Proof of the mailing required by this section shall be made by an affidavit filed in the office of the Secretary of State. L.1983, c. 127, s. 15A:12-20, eff. Oct. 1, 1983.