The proceeds of the sale shall be applied to the payment of the lien and the expenses of seizure, if any, and of such sale. The balance, if any remaining, shall be paid to the owner of such property. The balance, if not claimed by the owner within 60 days after the sale, shall be paid over to the municipality, in which the aircraft or part thereof is detained, for the support of the poor.
N.J. Stat. Ann. § 2A:44-12
Disposition of proceeds of sale
Known as the Self-Service Storage Facility Act
The act spans §§ 2A:44-1 to 2A:44-9 (132 sections).
L.1951 (1st SS), c.344.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.