New Jersey § 34:15-120
Full text of New Jersey New Jersey Statutes § 34:15-120, with citation guidance and answers to common questions.
§ 34:15-120.
a. A member employer which files for relief in bankruptcy under Title 11 of the United
States Code, 11 U.S.C. § 101 et seq. ; or against which involuntary bankruptcy proceedings are filed under that title;
or for which a receiver is appointed by a court of competent jurisdiction, shall file
written notice of that fact with the commissioner and the board of directors of the
association within 30 days of the occurrence of such an event. b. Upon receipt of the notice required by subsection a. of this section, the board
shall review the member employer's ability to pay compensation pursuant to R.S. 34:15-77 and make a determination as to insolvency. If the board determines at any time that the member employer is insolvent, it shall
notify the commissioner and the members of the association not later than three business
days after the determination of insolvency.
Frequently Asked Questions About New Jersey § 34:15-120
What does New Jersey Statutes § 34:15-120 cover?
Section 34:15-120 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 § 34:15-120?
A common citation format is "New Jersey Statutes § 34:15-120" (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 § 34:15-120 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.