30:4C-29.4 - Property subject to lien; notice; liability for disposal of property after notice - New Jersey Statutes

30:4C-29.4.  Property subject to lien;  notice;  liability for disposal of property after notice
    The lien shall become binding upon any goods, rights, credits, chattels, moneys or effects which are held, for the present or subsequent use, of the person against whom the lien is claimed, by any person, firm or corporation, after notice of the existence of the lien forwarded by certified mail to said person, firm or corporation, who or which shall thereafter be precluded from disposing of said property rights until said lien is satisfied or the bureau consents thereto and any person, firm or corporation disposing of such properties or moneys after receipt of such notice of lien shall be liable to the bureau for the value of such properties or moneys so disposed of, except that when the notice of the lien is served upon a banking institution the lien shall be effective against such banking institution only in the amount of the accumulated delinquent maintenance stated therein.

     L.1962, c. 142, s. 4.  Amended by L.1964, c. 102, s. 23.