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Code · New Jersey · Title 2A — Administration of Civil and Criminal Justice · Chapter 29A

2A:29A-3. Insolvency or bankruptcy of person receiving money deposited or advanced

56 words·~1 min read·/nj/title-2a/chapter-29a/2a-29a-3

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

In the event of the insolvency or bankruptcy of the person receiving the said moneys, the claim of the person who paid the said moneys shall constitute a statutory trust with respect to any moneys so received and not previously expended in accordance with the terms of the contract or agreement.
L.1962, c. 208, s. 3.
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