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New Jersey Statutes - Title 3B Administration of Estates--decedents and Others - 3B:22-32 Distribution among creditors to be pro rata; preferred debts excepted

Legal Research Home > New Jersey Laws > Administration of Estates Decedents and Others > New Jersey Statutes - Title 3B Administration of Estates--decedents and Others - 3B:22-32 Distribution among creditors to be pro rata; preferred debts excepted

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.

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Last modified: September 3, 2013