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New Jersey Statutes, Title: 26, HEALTH AND VITAL STATISTICS

    Chapter 2I: Declaration of serious public emergency relative to health care facilities

      Section: 26:2I-33: Pledges of health care organizations.

33. Any pledge of moneys, earnings, income or revenues authorized with respect to health care organizations, pursuant to the provisions of this act, shall be valid and binding from the time when the pledge is made. The moneys, earnings, income or revenues so pledged and thereafter received by the pledgor shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act. The lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the pledgor irrespective of whether such parties have notice thereof. No instrument by which such a pledge is created need be filed or recorded in any manner.

L.1972,c.29,s.33; amended 1997, c.435, s.18.

This section added to the Rutgers Database: 2012-09-26 13:37:49.

Older versions of 26:2I-33 (if available):

Court decisions that cite this statute: CLICK HERE.