New Jersey § 52:27d-485
Full text of New Jersey New Jersey Statutes § 52:27d-485, with citation guidance and answers to common questions.
§ 52:27d-485.
Any pledge of revenues, receipts, moneys, funds, levies, sales agreements, service
contracts or other property or instruments made by the district agent shall be valid
and binding from the time when the pledge is made. The revenues, receipts, moneys, funds or other property so pledged and thereafter
received by the district agent or a subsidiary shall immediately be subject to the
lien of the pledge without any physical delivery thereof or further act, and the lien
of any pledge shall be valid and binding as against all parties having claims of any
kind in tort, contract or otherwise against the district agent irrespective of whether
the parties have notice thereof. Neither the resolution nor any other instrument by which a pledge under this section
is created need be filed or recorded except in the records of the district agent.
Frequently Asked Questions About New Jersey § 52:27d-485
What does New Jersey Statutes § 52:27d-485 cover?
Section 52:27d-485 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 § 52:27d-485?
A common citation format is "New Jersey Statutes § 52:27d-485" (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 § 52:27d-485 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.