New Jersey § 34:15-24
Full text of New Jersey New Jersey Statutes § 34:15-24, with citation guidance and answers to common questions.
§ 34:15-24.
At any time after the entry of the award, a sum equal to all future installments of
compensation may where death or the nature of the injury renders the amount of future
payments certain, by leave of court, be paid by the employer to any savings bank,
trust company or life insurance company in good standing and authorized, to do business
in this state and having an office in the county in which the award was entered, and
such sum, together with all interest thereon, shall thereafter be held in trust for
the employee or the dependents of the employee, who shall have no further recourse
against the employer. The payment of such sum by the employer, evidenced by the receipt of the trustee
noted upon the docket of the clerk of the court, shall operate as a satisfaction of
said award as to the employer. Payments from said fund shall be made by the trustee in the same amounts and at
the same times as are herein required of the employer until the fund and interest
shall be exhausted. In the appointment of the trustee, preference shall be given, in the discretion
of the court, to the choice of the employee or the dependents of the deceased employee. The expense of administration of such trust shall be fixed by the court and paid
by the employer.
Frequently Asked Questions About New Jersey § 34:15-24
What does New Jersey Statutes § 34:15-24 cover?
Section 34:15-24 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 § 34:15-24?
A common citation format is "New Jersey Statutes § 34:15-24" (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 § 34:15-24 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.