N.J.S.A. 2A:44-31 — Application of proceeds of sale.

2A:44-31 Application of proceeds of sale. N.J.S.2A:44-31. The proceeds of the sale shall be applied to the payment of the lien or the amount specified in the order of court and the expenses of the sale. The balance, if any, shall be paid to the owner of the motor vehicle, or part thereof. The balance, if not claimed by the owner within 60 days after sale, shall be paid to the municipality, in which the garage is situated, to provide financial support for social programs for the indigent. L.1951 (1st SS), c.344; amended 1998, c.122, s.8.

This is the verbatim text of N.J.S.A. 2A:44-31, 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.