State Codes and Statutes

Statutes > New-jersey > Title-46 > Section-46-30b > 46-30b-103

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.

State Codes and Statutes

Statutes > New-jersey > Title-46 > Section-46-30b > 46-30b-103

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.