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Code · New Jersey · Title 2A — Administration of Civil and Criminal Justice · Chapter 44

2A:44-148. Money paid to contractor trust fund for payment of claims

108 words·~1 min read·/nj/title-2a/chapter-44/2a-44-148

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All money paid by the state of New Jersey or by any agency, commission or department thereof, or by any county, municipality or school district in the state, to any person pursuant to the provisions of any contract for any public improvement made between any such person and the state or any agency, commission or department thereof, or any county, municipality or school district in the state, shall constitute a trust fund in the hands of such person as such contractor, until all claims for labor, materials and other charges incurred in connection with the performance of such contract shall have been fully paid.
L.1951 (1st SS), c.344.
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