nj assignment for the benefit of creditors statute

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2022 New Jersey Revised Statutes Title 2A - Administration of Civil and Criminal Justice Section 2A:19-1 - Definitions.

2A:19-1. Definitions.

2A:19-1. As used in this chapter:

a. "General assignment" means a transfer or conveyance by a debtor in writing, whereby the debtor transfers or conveys to an assignee, in trust for the benefit of his creditors, all of his property. A "general assignment" includes an assignment by a debtor made under section 2A:20-6 of this title.

b. "Debtor" means any person liable on a debt, including any person in actual confinement or discharged under bond pursuant to chapter 20 of this title.

c. "Court" means the Superior Court.

d. "Creditor" includes any person to whom a debt is due.

e. "Debt" includes any debt, demand or claim.

f. "Assignor" means any debtor who has executed a general assignment.

g. "Assignee" means an assignee under a general assignment, including an assignee appointed under chapter 20 of this title.

L.1951 (1st SS), c.344; amended 1991,c.91,s.70.

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