New Jersey § 17B:18-50 Payment of taxes, charges and fees prior to determination of invalidity

New Jersey Statutes

§ 17B:18-50 — Payment of taxes, charges and fees prior to determination of invalidity

New Jersey § 17B:18-50

Title 17BINSURANCE

This text of New Jersey § 17B:18-50 (Payment of taxes, charges and fees prior to determination of invalidity) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17B:18-50 (2026).

Text

The directors of any domestic insurer are authorized to pay, and to appropriate money to pay, such taxes, charges and fees as have been or may be imposed against the property, business, income or franchises of such insurer by the laws of this or any other State or jurisdiction in which such insurer is doing business unless, prior to the payment of any such tax, charge or other fee, the law imposing the same shall have been expressly held invalid by the State court having final appellate jurisdiction in the premises or by the Supreme Court of the United States. L.1971, c. 144, s. 17B:18-50.

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The directors of any domestic insurer are authorized to pay, and to appropriate money to pay, such taxes, charges and fees as have been or may be imposed against the property, business, income or franchises of such insurer by the laws of this or any other State or jurisdiction in which such insurer is doing business unless, prior to the payment of any such tax, charge or other fee, the law imposing the same shall have been expressly held invalid by the State court having final appellate jurisdiction in the premises or by the Supreme Court of the United States. L.1971, c. 144, s. 17B:18-50.