Statutes, codes, and regulations
New Jersey Statutes
Title 46 - PROPERTY
Chapter 46:8 - ATTORNMENTS BY TENANT TO STRANGERS TO TITLE; EFFECT
Section 46:8-23 - Statutory trust upon insolvency or bankruptcy of person receiving security deposit

N.J. Stat. § 46:8-23

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Current through L. 2024, c. 87.
Section 46:8-23 - Statutory trust upon insolvency or bankruptcy of person receiving security deposit

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.

N.J.S. § 46:8-23

L.1967, c.265, s.5, eff. 1/1/1968.