New Jersey Statutes 2A:44-162. Disposition of proceeds of sale
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Terms Used In New Jersey Statutes 2A:44-162
- Lien: A claim against real or personal property in satisfaction of a debt.
The proceeds of the sale after the deduction of the expenses thereof shall be applied to the payment of the lien. No more of the property shall be sold, if easily separated or divided, than shall be necessary to pay the lien and expenses.
The balance of the proceeds, if any, shall be paid to those entitled thereto.
L.1951 (1st SS), c.344.