New Jersey § 2a:29a-1
Full text of New Jersey New Jersey Statutes § 2a:29a-1, with citation guidance and answers to common questions.
§ 2a:29a-1.
All moneys paid as a deposit or advance by a person who has contracted or agreed to
purchase a dwelling house to be constructed, shall constitute trust funds for the
purpose of carrying out the provisions of said contract or agreement. In any case in which more than 1 dwelling house is to be constructed as part of
the development of a tract of land, said trust funds may be used in the development
of said tracts of land. Any use of said moneys, other than for the purpose of carrying out the provisions
of said contract or agreement, shall constitute an unlawful diversion of trust funds.
Frequently Asked Questions About New Jersey § 2a:29a-1
What does New Jersey Statutes § 2a:29a-1 cover?
Section 2a:29a-1 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 § 2a:29a-1?
A common citation format is "New Jersey Statutes § 2a:29a-1" (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 § 2a:29a-1 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.