17:30C-29 - Allowance of secured claims - New Jersey Statutes

17:30C-29.  Allowance of secured claims
    No claim of any secured claimant shall be allowed at a sum greater than the  difference between the value of the claim without security and the value of the  security itself as of the date of the entry of the order of liquidation, or  such other date set by the court for fixation of rights and liabilities, unless  the claimant shall surrender his security to the commissioner, in which event  the claim shall be allowed in the full amount for which it is valued.

     L.1975, c. 113, s. 29, June 3, 1975.