New Jersey § 54:4-106 Payment of taxes by receivers and assignees;  wage liens unaffected

New Jersey Statutes

§ 54:4-106 — Payment of taxes by receivers and assignees; wage liens unaffected

New Jersey § 54:4-106

Title 54TAXATION

This text of New Jersey § 54:4-106 (Payment of taxes by receivers and assignees; wage liens unaffected) 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. § 54:4-106 (2026).

Text

The receiver of a corporation appointed by the Superior Court or an assignee in trust for the benefit of creditors shall take, receive and hold all personal property subject to all unpaid taxes and shall, out of the first moneys received by him, pay to the proper collecting officer of the municipality levying the tax all unpaid taxes, together with the interest and penalties thereon. This payment shall be made before any other payments are made by the receiver or assignee. Nothing in this section shall affect the lien of employees for wages preferred by law. Amended by L.1953, c. 51, p. 895, s. 25.

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The receiver of a corporation appointed by the Superior Court or an assignee in trust for the benefit of creditors shall take, receive and hold all personal property subject to all unpaid taxes and shall, out of the first moneys received by him, pay to the proper collecting officer of the municipality levying the tax all unpaid taxes, together with the interest and penalties thereon. This payment shall be made before any other payments are made by the receiver or assignee. Nothing in this section shall affect the lien of employees for wages preferred by law. Amended by L.1953, c. 51, p. 895, s. 25.