N.J.S.A. 17:12B-235

Application of participation value to indebtedness

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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This is the verbatim text of N.J.S.A. 17:12B-235, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.