New Jersey § 4:12-7 Filing of claims by creditors upon default by licensee

New Jersey Statutes

§ 4:12-7 — Filing of claims by creditors upon default by licensee

New Jersey § 4:12-7

Title 4AGRICULTURE AND DOMESTIC ANIMALS

This text of New Jersey § 4:12-7 (Filing of claims by creditors upon default by licensee) 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. § 4:12-7 (2026).

Text

Upon default by the licensee in the payment of any money due for the purchase of milk or cream from producers of this state, which payment is secured by a bond or a deposit of money or securities as provided in section 4:12-4 of this title, the creditor may file a verified statement of his claim with the secretary upon a form prescribed by the latter. If the creditor has reduced his claim to judgment, a transcript of the judgment shall also be filed with the secretary. Such statements may be filed at any time during the period of the license for purchases made during such period and within ninety days from the termination of such period.

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Upon default by the licensee in the payment of any money due for the purchase of milk or cream from producers of this state, which payment is secured by a bond or a deposit of money or securities as provided in section 4:12-4 of this title, the creditor may file a verified statement of his claim with the secretary upon a form prescribed by the latter. If the creditor has reduced his claim to judgment, a transcript of the judgment shall also be filed with the secretary. Such statements may be filed at any time during the period of the license for purchases made during such period and within ninety days from the termination of such period.