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2018 New Jersey Revised Statutes
Title 46 - PROPERTY
Chapter 30B
Section 46:30B-103 - Interest payable for failure to pay or deliver property in time
Universal Citation: NJ Rev Stat § 46:30B-103 (2018)
Section: 46:30B-103: Interest payable for failure to pay or deliver property in time
46:30B-103. 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.
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