17B:18-50 - Payment of taxes, charges and fees prior to determination of invalidity - New Jersey Statutes

17B:18-50.  Payment of taxes, charges and fees prior to determination of invalidity
    The directors of any domestic insurer are authorized to pay, and to appropriate money to pay, such taxes, charges and fees as have been or may be imposed against the property, business, income or franchises of such insurer by  the laws of this or any other State or jurisdiction in which such insurer is  doing business unless, prior to the payment of any such tax, charge or other  fee, the law imposing the same shall have been expressly held invalid by the  State court having final appellate jurisdiction in the premises or by the  Supreme Court of the United States.

     L.1971, c. 144, s. 17B:18-50.