Claims filed after time share only in subsequent dividends

Checkout our iOS App for a better way to browser and research.

2A:19-23. Claims filed after time share only in subsequent dividends

If any creditor shall fail to present his claim to the assignee within 3 months from the date of a general assignment, or within such other time as may be fixed by the court for that purpose, his claim shall be barred of a dividend, except that any creditor may, at any time prior to the making of a final dividend, present his claim under oath to the assignee, and share in any dividend made after such presentation.

L.1951 (1st SS), c.344.


Download our app to see the most-to-date content.