18A:71B-75 - Exemption from creditors - New Jersey Statutes

18A:71B-75  Exemption from creditors.

12. Moneys paid into or out of the fund by or on behalf of a purchaser or qualified beneficiary of an advance payment contract for the purposes of financing the cost of qualified higher education expenses under the program are exempt from all claims of creditors of the purchaser or the beneficiary.

L.2001,c.262,s.12.