New Jersey § 48:12-141
Full text of New Jersey New Jersey Statutes § 48:12-141, with citation guidance and answers to common questions.
§ 48:12-141.
Where suit is brought to foreclose a mortgage of the railroad and franchises of any
railroad company of another State, any part of whose route, whether acquired by lease
or otherwise, lies within this State, the suit in this State shall, so far as is consistent
with the protection of parties having liens in this State, be conducted as auxiliary
to the foreclosure suit in the State where the company is domiciled. The Superior Court may order the sale of property and franchises in this State to
be made in such other State at the same time and place as the foreclosure sale therein
under such regulations as to advertisement or otherwise and on such terms as the Chancellor
may direct. No conveyance shall be made until confirmation of the sale by the Superior Court. The Superior Court may impose such terms as may be equitable upon the acquisition
by the purchaser of the property and franchises of the company in the hands of the
receiver, if any, in this State.
Frequently Asked Questions About New Jersey § 48:12-141
What does New Jersey Statutes § 48:12-141 cover?
Section 48:12-141 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 § 48:12-141?
A common citation format is "New Jersey Statutes § 48:12-141" (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 § 48:12-141 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.