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Code · New Jersey · Title 56 — Guaranty, Suretyship and Indemnity · Chapter 4A

56:4A-7 Molder's option to sell due to unpaid balance.

50 words·~1 min read·/nj/title-56/chapter-4a/56-4a-7

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2. If a balance due the molder remains unpaid 60 days after payment is due, the molder may sell the die, mold, form or pattern, subject to any existing perfected security interest, at a public auction in the county where the die, mold, form or pattern is being held.
L.1999,c.235,s.2.
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