N.J.S.A. 2A:44-12

Disposition of proceeds of sale

2A:44-12. Disposition of proceeds of sale The proceeds of the sale shall be applied to the payment of the lien and the expenses of seizure, if any, and of such sale. The balance, if any remaining, shall be paid to the owner of such property. The balance, if not claimed by the owner within 60 days after the sale, shall be paid over to the municipality, in which the aircraft or part thereof is detained, for the support of the poor. L.1951 (1st SS), c.344.

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This is the verbatim text of N.J.S.A. 2A:44-12, 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.