N.J.S.A. 3B:3-44 — Specific devise; right of devisee after sale, condemnation, casualty loss or foreclosure.

3B:3-44 Specific devise; right of devisee after sale, condemnation, casualty loss or foreclosure. 3B:3-44. A specific devisee has the right to the remaining specifically devised property in the testator's estate at death and: a. Any balance of the purchase price (together with any security interest) owing from a purchaser to the testator at death by reason of sale of the property; b. Any amount of a condemnation award for the taking of the property unpaid at death; c. Any proceeds unpaid at death on fire or casualty insurance on, or other recovery for injury to, the property; and d. Property owned by testator at his death as a result of foreclosure, or obtained in lieu of foreclosure, of the security for a specifically devised obligation. L.1981, c.405, s.3B:3-44, eff. May 1, 1982; amended 2004, c.132, s.37.

This is the verbatim text of N.J.S.A. 3B:3-44, 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.