State Codes and Statutes
Statutes > New-jersey > Title-2a > Section-2a-46 > 2a-46-42A:46-4. Value of security credited upon claims
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.
