New Jersey Statutes 4:12-7. Filing of claims by creditors upon default by licensee
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Terms Used In New Jersey Statutes 4:12-7
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
- Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
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.