New Jersey Statutes 52:27D-343. Collateral
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Terms Used In New Jersey Statutes 52:27D-343
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
A provider shall pledge only the unencumbered assets of a continuing care facility as collateral for the purpose of securing loans for other continuing care facilities, whether proposed or existing.
L. 1986, c. 103, s. 14.