N.J.S.A. 2A:46-4

Value of security credited upon claims

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.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 2A:46-4, 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.

N.J.S.A. 2A:46-4 — Value of security credited upon claims | Kyzer