42:6-9 - Repayment of excess of funds derived from assessments
42:6-9.Ā Repayment of excess of funds derived from assessments
If, on the final account of the receivers or trustees, it shall appear that,Ā as a result of the assessments made under section 42:6-7 of this title, moreĀ funds have been realized and remain unexpended in the hands of the receivers orĀ trustees than are necessary to satisfy all claims against the association andĀ the expenses of the proceedings under this chapter, such surplus shall beĀ repaid pro rata to those who have contributed thereto.
If, on the final account of the receivers or trustees, it shall appear that,Ā as a result of the assessments made under section 42:6-7 of this title, moreĀ funds have been realized and remain unexpended in the hands of the receivers orĀ trustees than are necessary to satisfy all claims against the association andĀ the expenses of the proceedings under this chapter, such surplus shall beĀ repaid pro rata to those who have contributed thereto.