N.J.S.A. 2A:42-133 — Order for sale of building.

2A:42-133 Order for sale of building. 20. Upon application of the receiver, the court may order the sale of the building if it finds that: a. Notice was given to each current record owner of the building, each mortgagee or lienholder of record, and any other party in interest; b. The receiver has been in control of the building for more than one year at the time of application and the owner has not successfully petitioned for reinstatement under section 24 of P.L.2003, c.295 (C.2A:42-137); and c. The sale would promote the sustained maintenance of the building as sound, affordable housing, consistent with codes and safety requirements. L.2003,c.295,s.20.

This is the verbatim text of N.J.S.A. 2A:42-133, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.