New Jersey Statutes - Title 3B Administration of Estates--decedents and Others - 3B:22-32 Distribution among creditors to be pro rata; preferred debts excepted
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3B:22-32. Distribution among creditors to be pro rata; preferred debts excepted
If the estate of a decedent is insufficient to pay his debts, his estate shall be applied to the preferred expenses and debts in accordance with N.J.S. 3B:22-2, and the balance shall be distributed among his creditors in proportion to the sum due to each.
L.1981, c. 405, s. 3B:22-32, eff. May 1, 1982.
Sections: 22-25 22-26 22-27 22-28 22-29 22-30 22-31 22-32 22-33 22-34 22-35 22-36 22-37 22-38 22-39
Last modified: February 13, 2012
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