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

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

This is the verbatim text of N.J.S.A. 2A:44-148, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.