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Code · New Jersey · Title 13 — Education · Chapter 1E

13:1E-74. Disposition in bulk of all property; net proceeds to former or suspended registrant

74 words·~1 min read·/nj/title-13/chapter-1e/13-1e-74

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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 23 of this act, shall be paid by the conservator to the former or suspended registrant.
L.1981, c. 279, s. 26, eff. Sept. 10, 1981.
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