N.J.S.A. 4:12-7 — Filing of claims by creditors upon default by licensee

4:12-7. Filing of claims by creditors upon default by licensee Upon default by the licensee in the payment of any money due for the purchase of milk or cream from producers of this state, which payment is secured by a bond or a deposit of money or securities as provided in section 4:12-4 of this title, the creditor may file a verified statement of his claim with the secretary upon a form prescribed by the latter. If the creditor has reduced his claim to judgment, a transcript of the judgment shall also be filed with the secretary. Such statements may be filed at any time during the period of the license for purchases made during such period and within ninety days from the termination of such period.

This is the verbatim text of N.J.S.A. 4:12-7, 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.