New Jersey § 3b:14-64
Full text of New Jersey New Jersey Statutes § 3b:14-64, with citation guidance and answers to common questions.
§ 3b:14-64.
Where it appears that a fiduciary in good faith and in the exercise of a reasonable
discretion has abandoned real property by refraining from paying real property taxes,
assessments, water rents or charges, mortgage principal and interest, making repairs
or improvements to the property, and that because of the liens, encumbrances, the
absence or lack of revenues or other reasons the real property did not have a value
worth protecting and that it was advisable for the best interests of those interested
in the estate or trust to abandon the real property, or that as a result of an abandonment,
the fiduciary has been divested of title to or right of possession of the real property
by foreclosure of a mortgage or the enforcement of any other lien or encumbrance,
the court may ratify and approve the abandonment of the real property upon terms and
conditions as it may deem proper. If the fiduciary still has title to the real property, the court may authorize the
fiduciary to convey all right, title and interest therein for a nominal consideration
or no consideration in order to avoid liability which might arise by reason of continued
ownership of the property.
Frequently Asked Questions About New Jersey § 3b:14-64
What does New Jersey Statutes § 3b:14-64 cover?
Section 3b:14-64 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 § 3b:14-64?
A common citation format is "New Jersey Statutes § 3b:14-64" (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 § 3b:14-64 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.