New Jersey § 3a:15-5

Full text of New Jersey New Jersey Statutes § 3a:15-5, with citation guidance and answers to common questions.

§ 3a:15-5.

Except when the mortgaged real estate is subject to a condition or right of re-entry

of forfeiture under which the first mortgage lien can be cut off, subordinated or

otherwise disturbed, a fiduciary may invest in a mortgage or interests in a mortgage

or mortgages notwithstanding that the mortgaged real estate may be subject in whole

or in part to taxes or assessments that are not delinquent, or to the effect of instruments

creating or reserving mineral, oil or timber rights, rights of way, joint driveways,

sewer rights, rights in walls, building restrictions or other restrictive covenants

or a lease whereby rents or profits are reserved to the owner.

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Frequently Asked Questions About New Jersey § 3a:15-5

What does New Jersey Statutes § 3a:15-5 cover?

Section 3a:15-5 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:15-5?

A common citation format is "New Jersey Statutes § 3a:15-5" (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:15-5 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.