New Jersey § 2a:56-11

§ 2a:56-11.

The money arising from a sale pursuant to this chapter shall be paid to the parties

interested in the real estate sold, their guardians or legal representatives, in proportion

to their respective rights therein, deducting from their respective shares the costs

and charges which may be allowed and ordered to be retained. If any party is absent from the state, without such legal representative in this

state the proportion of the money due him shall be invested under the direction and

control of the court, for the benefit of such absent person. The court shall require the guardian of any person under the age of 21 years entitled

to a proportion of the moneys arising from a sale pursuant to this chapter, to give

such security by bond to the superior court as the court may deem sufficient, for

the benefit of the minor, conditioned for the faithful discharge of the trust committed

to the guardian.