N.J.S.A. 5:12-130.6 — Payments following a bulk sale

5:12-130.6. Payments following a bulk sale Payments Following a Bulk Sale. Following any sale, assignment, conveyance or other disposition in bulk of all the property subject to the conservatorship, the net proceeds therefrom, if any, after payment of all obligations owing to the State of New Jersey and any political subdivision thereof and of those allowances set forth in section 33 of this amendatory and supplementary act, shall be paid by the conservator to the former or suspended licensee. L. 1978, c. 7, s. 35A; amended 1987,c.410,s.19.

This is the verbatim text of N.J.S.A. 5:12-130.6, 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.