N.J.S.A. 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 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.

This is the verbatim text of N.J.S.A. 46:30B-103, 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.