New Jersey § 17:12b-187
Full text of New Jersey New Jersey Statutes § 17:12b-187, with citation guidance and answers to common questions.
§ 17:12b-187.
(a) All moneys, which shall be paid on any unpledged account or shares of a State
association after the commissioner has taken charge of such State association and
possession of its assets, shall be segregated from all other receipts, and held in
trust, until the property and business of the State association shall be returned
to the management of its board, or until it shall merge, reorganize, or dissolve. Upon the happening of any of such events, such money shall, without any impairment
whatever and at the option of each person who shall have paid the same either be repaid
to him or credited to his account. (b) All moneys, which shall be paid on any indebtedness due to the State association,
or on any account which shall be pledged for the payment of any such indebtedness,
after the commissioner has taken charge of such State association and possession of
its assets, shall be applied without impairment directly to the payment of such indebtedness.
Frequently Asked Questions About New Jersey § 17:12b-187
What does New Jersey Statutes § 17:12b-187 cover?
Section 17:12b-187 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-187?
A common citation format is "New Jersey Statutes § 17:12b-187" (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-187 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.