New Jersey Statutes
§ 2A:46-4 — Value of security credited upon claims
New Jersey·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.
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Nearby Sections
10
§ 2A:46-1
Definitions§ 2A:46-10
Application of chapter§ 2A:46-3
Effect of concealment§ 2A:46-6
Alternative determinations of value§ 2A:46-7
Exempt security not credited§ 2A:46-8
Uniformity of interpretation§ 2A:46-9
Short title