N.J.S.A. 3B:22-32

Distribution among creditors to be pro rata; preferred debts excepted

3B:22-32. Distribution among creditors to be pro rata; preferred debts excepted If the estate of a decedent is insufficient to pay his debts, his estate shall be applied to the preferred expenses and debts in accordance with N.J.S. 3B:22-2, and the balance shall be distributed among his creditors in proportion to the sum due to each. L.1981, c. 405, s. 3B:22-32, eff. May 1, 1982.

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This is the verbatim text of N.J.S.A. 3B:22-32, 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. 3B:22-32 — Distribution among creditors to be pro rata; preferred debts excepted | Kyzer