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2018 New Jersey Revised Statutes
Title 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 12B - Construction as revision of prior laws
Section 17:12B-235 - Application of participation value to indebtedness
Universal Citation: NJ Rev Stat § 17:12B-235 (2018)
Section: 17:12B-235: Application of participation value to indebtedness
The participation value, at the date of dissolution of an association, of any account in such association which is pledged as security for the payment of any indebtedness to such association, shall be applied to the payment of such indebtedness.
L.1963, c. 144, s. 235.
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