Terms Used In New Jersey Statutes 2A:46-2

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Decedent: A deceased person.
In a liquidation proceeding every secured creditor’s claim against the general assets shall disclose the nature of the security. When a decedent‘s estate already in the course of administration is judicially declared as likely to be insolvent or when in an equity receivership it is determined that the subject under receivership is insolvent, secured creditors having claims on file which do not comply with this section shall make disclosure within a time to be fixed by the court.

L.1951 (1st SS), c.344.