New Jersey § 48:12-149
Full text of New Jersey New Jersey Statutes § 48:12-149, with citation guidance and answers to common questions.
§ 48:12-149.
When the Superior Court or a court of competent jurisdiction has adjudged a railroad
company to be insolvent and appointed a receiver to wind up its affairs, the Superior
Court or such court may, upon petition of such receiver and upon such notice as the
Superior Court or court may require, order the State Treasurer to pay to the receiver
any money of the company deposited with the State Treasurer at the time of its organization,
or such part thereof as may remain on deposit. Upon the making of such order the State Treasurer shall pay the money so deposited,
or such part thereof as may remain in his hands, to the receiver who shall, after
paying his expenses, distribute the balance to such creditors or stockholders as may
by law be entitled to receive the same.
Frequently Asked Questions About New Jersey § 48:12-149
What does New Jersey Statutes § 48:12-149 cover?
Section 48:12-149 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 § 48:12-149?
A common citation format is "New Jersey Statutes § 48:12-149" (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 § 48:12-149 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.