N.J.S.A. 3B:14-63 — Directions of court when abandonment ordered

3B:14-63. Directions of court when abandonment ordered If the fiduciary is ordered to abandon real property: a. The court may direct the fiduciary to refrain from (1) Paying any arrearages of real property taxes and assessments and those thereafter assessed, (2) Paying water rents or charges, (3) Paying arrearages in mortgage principal and interest and those thereafter becoming due, (4) Making repairs to or maintaining any improvements upon the real property, (5) Keeping the real property or any improvements thereon insured against fire or other loss and liability or as the court may direct; b. The court may direct that the fiduciary may, if a buyer can be found, convey the real property for a nominal consideration or no consideration so as to avoid liability arising to the fiduciary or to the estate or trust. L.1981, c. 405, s. 3B:14-63, eff. May 1, 1982.

This is the verbatim text of N.J.S.A. 3B:14-63, 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.