New Jersey § 3a:15-4
Full text of New Jersey New Jersey Statutes § 3a:15-4, with citation guidance and answers to common questions.
§ 3a:15-4.
Any fiduciary, now or hereafter authorized to invest in bonds and mortgages, or shares
or parts of mortgages or mortgage participation certificates, or shares or parts of
bond secured by mortgage, or bonds secured by trust mortgage, or participation certificates
or coupon bonds entitling the holder to a proportionate share in a series or number
of mortgages and bonds, or extensions or renewals thereof, hereinafter in this section
and in sections 3A:15-5 and 3A:15-6 of this title referred to as “mortgages or interests in mortgages”, may invest in
a primary or senior part or portion of such mortgages or interests in mortgages if
the primary or senior parts or portions do not exceed that proportion of the estimated
worth or appraised value of the mortgaged real estate which is applicable to mortgage
investments authorized to be made by such fiduciary, notwithstanding that the mortgage
or trust mortgage also secures a secondary or junior part or portion thereof exceeding
the authorized proportion of the estimated worth or appraised value of the mortgaged
real estate applicable to mortgage investments by such fiduciary. Such fiduciary may enter into an agreement with other holders of interests in mortgages
which makes the interest in the mortgage lien held by such fiduciary a primary or
senior part or portion thereof, as aforesaid, and hold the same.
Frequently Asked Questions About New Jersey § 3a:15-4
What does New Jersey Statutes § 3a:15-4 cover?
Section 3a:15-4 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 § 3a:15-4?
A common citation format is "New Jersey Statutes § 3a:15-4" (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 § 3a:15-4 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.