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Code · New Jersey · Title 2A — Administration of Civil and Criminal Justice · Chapter 46

2A:46-4. Value of security credited upon claims

49 words·~1 min read·/nj/title-2a/chapter-46/2a-46-4

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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