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Code · New Jersey · Title 14A — Corporations, General · Chapter 12

14A:12-14. Disposition of rejected claims

128 words·~1 min read·/nj/title-14a/chapter-12/14a-12-14·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If the corporation, or the receiver of a corporation appointed pursuant to this chapter, rejects in whole or in part any claim filed by a creditor, as defined in subsection 14A:12-12(3), the corporation or the receiver, as the case may be, shall mail notice of such rejection to the creditor. If the creditor does not bring suit upon such claim within 60 days from the time such notice was mailed to him, the creditor and all those claiming through or under him shall, except as otherwise provided in this chapter, be forever barred from suing on such claim or otherwise realizing upon or enforcing it.
Proof of the mailing required by this section shall be made by an affidavit filed in the office of the Secretary of State.
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