New Jersey § 45:22-27
Full text of New Jersey New Jersey Statutes § 45:22-27, with citation guidance and answers to common questions.
§ 45:22-27.
The proceeds of such sale by public auction or private sale shall be applied for the purposes and in the order here specified; auctioneer's
charges , if any ; principal and interest of the loan; and a proportionate share of the expense of
publishing any notice of the sale, as well as a proportionate share of other specified written or
printed notice sent by mail, determined by dividing the total expense of such inclusive
notice by the number of loans sold. The surplus, if any, shall be paid, upon proof of identification, to the pledgor
or anyone else who would have been entitled to redeem the pledge if it had not been
sold. Notice of such surplus, if any, shall be mailed to the last known address of the
pledgor, within thirty days after the sale.
Frequently Asked Questions About New Jersey § 45:22-27
What does New Jersey Statutes § 45:22-27 cover?
Section 45:22-27 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 § 45:22-27?
A common citation format is "New Jersey Statutes § 45:22-27" (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 § 45:22-27 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.