46:30B-103. Interest payable for failure to pay or deliver property in time
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/nj/title-46/chapter-30b/46-30b-103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Interest payable for failure to pay or deliver property in time. A person who fails to pay or deliver property within the time prescribed by this chapter shall pay to the administrator interest at the annual rate of 10% above the annual rate of discount, in effect on the date the property should have been paid or delivered, for the most recent issue of 52-week United States Treasury bills on the property or value thereof from the date the property should have been paid or delivered. Source: New.
L.1989, c.58, s.1.