New Jersey Statutes
§ 46:8-23 — Statutory trust upon insolvency or bankruptcy of person receiving security deposit
New Jersey·Title 46 PROPERTY
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, lease or agreement. L.1967, c. 265, s. 5, eff. Jan. 1, 1968.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 46:8-23 (Statutory trust upon insolvency or bankruptcy of person receiving security deposit) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 46:8-19.1
Rules, regulations§ 46:8-20
Procedure on conveyance of property§ 46:8-21
Liability on transfer§ 46:8-21.2
Limitation on amount of deposit§ 46:8-22
Enforcement of trust by civil action§ 46:8-24
Waiver by depositor prohibited§ 46:8-26
Application of act§ 46:8-27
Landlord, project defined.