New Jersey Statutes 34:11A-6. Release from obligation
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 34:11A-6
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Any private or public project owner, prime contractor or subcontractor who makes a proper payment to a fringe benefit fund or deposits the payment with the clerk of the Superior Court, in accordance with section 5 of this act, shall be released of any obligation to any party in privity with that private or public project owner, prime contractor or subcontractor, to the extent of the payment or deposit made.
L. 1987, c. 150, s. 6.