N.J.S.A. 3B:14-62 — Abandonment of real property may be authorized

3B:14-62. Abandonment of real property may be authorized A fiduciary of or any person interested in an estate or a trust may apply to the court for a judgment or order directing the fiduciary to abandon any improved or unimproved real property that is an asset of the estate or trust and, which because of liens, encumbrances, the absence or lack of revenue, or for other reasons, does not have a value worth protecting, and that it is for the best interests of persons having an interest in the estate or trust that the real property be abandoned. L.1981, c. 405, s. 3B:14-62, eff. May 1, 1982.

This is the verbatim text of N.J.S.A. 3B:14-62, 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.