New Jersey § 15a:12-19
Full text of New Jersey New Jersey Statutes § 15a:12-19, with citation guidance and answers to common questions.
§ 15a:12-19.
a. Any creditor as defined in subsection c. of section 15A:12-18 who does not file a claim as provided in the notice given pursuant to section 15A:12-18 , and all those claiming through or under that creditor, shall be forever barred from
suing on the claim or otherwise realizing upon or enforcing it except, in the case
of a creditor who shows good cause for not having previously filed a claim, to the
extent as the Superior Court may allow: (1) Against the corporation to the extent of any undistributed assets; or (2) If the undistributed assets are not sufficient to satisfy the claim, against a
member or other person, corporation or corporate business entity to the extent of
the distributee's ratable part of the claim, out of the assets of the corporation
distributed to the distributee in liquidation or dissolution. b. This section shall not apply to claims which are in litigation on the date of the
first publication of the notice pursuant to section 15A:12-18 .
Frequently Asked Questions About New Jersey § 15a:12-19
What does New Jersey Statutes § 15a:12-19 cover?
Section 15a:12-19 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 15a:12-19?
A common citation format is "New Jersey Statutes § 15a:12-19" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 15a:12-19 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.