New Jersey § 17:12b-138
Full text of New Jersey New Jersey Statutes § 17:12b-138, with citation guidance and answers to common questions.
§ 17:12b-138.
Within the first 10 days of each fiscal month, each State association operating on
a plan other than Plan I shall apply to the payment of withdrawal applications which
shall have been filed with it on or before the first day of its preceding fiscal month,
a sum equal to at least 50% of its net receipts during such preceding fiscal month,
or so much thereof as shall be necessary. Any such State association may apply a larger percentage of such receipts or other
available funds for such purpose, but shall not obligate itself to do so. Net receipts, as used in this section, means all money received by such State association,
except borrowed money, less operating expenses, amounts due and paid or payable on
creditor obligations, and amounts paid, appropriated or reserved for the conservation,
preservation, or protection of any property or asset of such State association.
Frequently Asked Questions About New Jersey § 17:12b-138
What does New Jersey Statutes § 17:12b-138 cover?
Section 17:12b-138 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 § 17:12b-138?
A common citation format is "New Jersey Statutes § 17:12b-138" (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 § 17:12b-138 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.