There is a newer version
of
this Section
2017 New Jersey Revised Statutes
TITLE 2A - ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
Section 2A:46-4 - Value of security credited upon claims
Universal Citation: NJ Rev Stat § 2A:46-4 (2017)
2A:46-4. Value of security credited upon claims
Dividends paid to secured creditors shall be computed only upon the balance due after the value of all security not exempt from the claims of unsecured creditors and not released or surrendered to the liquidator, is determined and credited upon the claim secured by it.
L.1951 (1st SS), c.344.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
