New Jersey § 18a:56-13
Full text of New Jersey New Jersey Statutes § 18a:56-13, with citation guidance and answers to common questions.
§ 18a:56-13.
The board of trustees may bid for and purchase any lands and premises exposed to sale
under the order and judgment of any court for the payment and satisfaction of any
mortgage thereon held by the board, and may take and hold title to the lands and premises
so purchased in and by its official name as a part of the principal of the school
fund; but the board shall not bid a higher price for such lands and premises than
shall be sufficient to produce the amount due upon the mortgage and costs. The taxed costs of the foreclosure action and sale, if any, shall be paid by the state
treasurer on the warrant of the director of the division of budget and accounting.
Frequently Asked Questions About New Jersey § 18a:56-13
What does New Jersey Statutes § 18a:56-13 cover?
Section 18a:56-13 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 18a:56-13?
A common citation format is "New Jersey Statutes § 18a:56-13" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 18a:56-13 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.