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New Jersey Statutes, Title: 46, PROPERTY
Chapter 30b:
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.
This section added to the Rutgers Database: 2012-09-26 13:37:54.
Older versions of 46:30b-103 (if available):
Court decisions that cite this statute:
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