46:30B-103 - Interest payable for failure to pay or deliver property in time - New Jersey Statutes

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.