New Jersey · Through P.L.2025, c.405, and J.R.22 · Newer source version available

N.J. Stat. § 2A:46-4: Value of security credited upon claims

Where this section sits in the code

TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

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.

Collected 2026-08-27T17:54:13Z. Source file · JSON

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