54:49-1 - Tax a debt and lien; preference; proceeds paid to commissioner - New Jersey Statutes

54:49-1.  Tax a debt and lien;  preference;  proceeds paid to commissioner    The taxes, fees, interest and penalties imposed by any such State tax law, or by this subtitle, from the time the same shall be due, shall be a personal debt of the taxpayer to the State, recoverable in any court of competent jurisdiction in an action in debt in the name of the State.  Such debt, whether  sued upon or not, shall be a lien on all the property of the debtor except as  against an innocent purchaser for value in the usual course of business and  without notice thereof, and except as may be provided to the contrary in any  other law, and shall have preference in any distribution of the assets of the  taxpayer, whether in bankruptcy, insolvency or otherwise. The proceeds of any  judgment or order obtained hereunder shall be paid to the commissioner.

     Amended by L.1952, c. 169, p. 544, s. 1.