New Jersey § 58:11b-19
Full text of New Jersey New Jersey Statutes § 58:11b-19, with citation guidance and answers to common questions.
§ 58:11b-19.
Sums of money received pursuant to the authority of P.L.1985, c. 334 ( C.58:11B-1 et seq. ) , P.L.1997, c. 224 ( C.58:11B-10.1 et al.) , or sections 22 and 34 through 38 of P.L.2016, c. 56 ( C.58:11B-10.3 through C.58:11B-10.5 , C.58:11B-20.2 , C.58:11B-22.3 , and C.58:11B-22.4 ) , whether as proceeds from the sale of particular bonds, notes or other obligations
of the trust or as particular revenues or receipts of the trust, are deemed to be
trust funds, to be held and applied solely as provided in the resolution or trust
indenture under which the bonds, notes or obligations are authorized or secured. Any officer with whom or any bank or trust company with which those sums of money
are deposited as trustee thereof shall hold and apply the same for the purposes thereof,
subject to any provision as the aforementioned acts and the resolution or trust indenture
authorizing or securing the bonds, notes or other obligations of the trust may provide.
Frequently Asked Questions About New Jersey § 58:11b-19
What does New Jersey Statutes § 58:11b-19 cover?
Section 58:11b-19 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 § 58:11b-19?
A common citation format is "New Jersey Statutes § 58:11b-19" (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 § 58:11b-19 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.