New Jersey § 5:12-141
Full text of New Jersey New Jersey Statutes § 5:12-141, with citation guidance and answers to common questions.
§ 5:12-141.
a. Whenever a casino licensee owes a patron a specific amount of money as the result
of a gaming transaction which remains unpaid due to the failure of the patron to claim
the money or redeem a representation of the debt issued in a form approved by the
commission, regardless of whether the identity of the patron is known, the casino
licensee shall maintain a record of the obligation in accordance with the rules of
the division . b. If the patron does not claim the money or redeem the representation of debt within
one year of the date of the transaction, which date shall be established in accordance
with the rules of the division , the obligation of the casino licensee to pay the patron shall expire, and 25% of
the money or the value of the debt shall be paid to the Casino Revenue Fund by the
casino licensee, and the remaining 75% shall be retained by the casino licensee, provided
the licensee uses the full amount for marketing purposes. Notwithstanding the foregoing, if the obligation was incurred or the representation
of debt was issued prior to the effective date of this act, P.L.2009, c. 36 , the obligation of the casino licensee to pay the patron shall expire one year after
such effective date, at which time 50% of the money or the value of the debt shall
be paid to the Casino Revenue Fund, subject to a credit for the payment required to
be made to that fund on or before June 30, 2009 by the casino licensee pursuant to
subsection c. of this section, and 50% shall be retained by the casino licensee. c. Each casino licensee shall, on or before June 30, 2009, make a payment to the Casino
Revenue Fund in an amount equal to 25% of the value of the money or debt owed to its
patrons as a result of gaming transactions that occurred more than one year prior
to the effective date of this act, P.L.2009, c. 36 . This payment shall be credited towards the total obligation of the casino licensee
to make payments to the Casino Revenue Fund in an amount equal to 50% of the value
of expired gaming related obligations pursuant to subsection b. of this section.
Frequently Asked Questions About New Jersey § 5:12-141
What does New Jersey Statutes § 5:12-141 cover?
Section 5:12-141 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 § 5:12-141?
A common citation format is "New Jersey Statutes § 5:12-141" (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 § 5:12-141 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.