15A:12-20 - Disposition of rejected claims - New Jersey Statutes

15A:12-20.  Disposition of rejected claims
    If the corporation, or the receiver of a corporation appointed pursuant to this chapter, rejects in whole or in part any claim filed by a creditor, as defined in subsection c. of section 15A:12-18, the corporation or the receiver,  as the case may be, shall mail notice of the rejection to the creditor.  If the  creditor does not bring suit upon the claim within 60 days from the time the  notice was mailed, the creditor and all those claiming through or under that  creditor shall, except as otherwise provided in this chapter, be forever barred  from suing on the claim or otherwise realizing upon or enforcing it.  Proof of  the mailing required by this section shall be made by an affidavit filed in the  office of the Secretary of State.

     L.1983, c. 127, s. 15A:12-20, eff. Oct. 1, 1983.