New Jersey § 17:12b-139
Full text of New Jersey New Jersey Statutes § 17:12b-139, with citation guidance and answers to common questions.
§ 17:12b-139.
If any State association operating under any plan other than Plan I, as defined in
section 76 of this act, 1 shall find that within the first 10 days of any fiscal month, the funds of such State
association, available for the payment of withdrawals, in accordance with the provisions
of section 138 of this act, 2 shall be insufficient to pay in full all withdrawal applications which shall have
been filed with it on or before the first day of its preceding fiscal month, each
such withdrawal application shall be paid in the order in which it was filed, $50.00
on account, or the balance due thereon, whichever is less; and, if the available
funds are sufficient to make more than one such payment upon each such application,
such rotating payment process shall be repeated until the available funds are exhausted. Each month thereafter the rotation payments shall begin with the application next
following the one upon which the last preceding rotation payment was made. So long as such State association is operating upon the rotation payment plan, no
member shall have more than one withdrawal application on file at a time. Any State association operating under the provisions of this section shall immediately
notify the commissioner of such operation. 1
N.J.S.A. § 17:12B-76. 2
N.J.S.A. § 17:12B-138.
Frequently Asked Questions About New Jersey § 17:12b-139
What does New Jersey Statutes § 17:12b-139 cover?
Section 17:12b-139 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-139?
A common citation format is "New Jersey Statutes § 17:12b-139" (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-139 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.