54:4-106 - Payment of taxes by receivers and assignees; wage liens unaffected - New Jersey Statutes

54:4-106.  Payment of taxes by receivers and assignees;  wage liens unaffected
    The receiver of a corporation appointed by the Superior Court or an assignee  in trust for the benefit of creditors shall take, receive and hold all personal  property subject to all unpaid taxes and shall, out of the first moneys  received by him, pay to the proper collecting officer of the municipality  levying the tax all unpaid taxes, together with the interest and penalties  thereon.  This payment shall be made before any other payments are made by the  receiver or assignee.  Nothing in this section shall affect the lien of  employees for wages preferred by law.

     Amended by L.1953, c. 51, p. 895, s. 25.