New Jersey Code § 18A:13-78

Division of assets, liabilities
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18A:13-78. Division of assets, liabilities
The county superintendent in a written report filed by him at the end of the school year preceding that in which the withdrawal becomes effective shall make a division of the assets and liabilities between the new district and the remaining district in the same manner as provided in N.J.S.18A:8-24.
L.1989,c.90,s.13.

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