New Jersey § 52:31-1
Full text of New Jersey New Jersey Statutes § 52:31-1, with citation guidance and answers to common questions.
§ 52:31-1.
The State shall, prior to public auction to dispose of any land and improvements which
it has acquired within 10 years of the final decision to dispose of the land and improvements
at issue, or any interest therein or option therefor, notify and provide the owners
of record of the property at the time of the acquisition the right to repurchase their
interest at the current fair market value of that interest, as assembled to the former
owner's property. The State shall notify the previous owner of record by certified mail to the most
current address of record of that owner and by public notice in two newspapers of
general circulation in the area wherein the land is located. The State Treasurer shall have the authority, through rules and regulations, to
establish the period of time by which the previous owner of record must respond, following
receipt of notice to the most current address of record of that owner. If the previous owner of record does not respond within the period of time established
by the State Treasurer, the previous owner's right to repurchase the interest before
it is disposed of at public auction shall expire. The owner of record shall not include the heirs or devisees of the owner of record.
Frequently Asked Questions About New Jersey § 52:31-1
What does New Jersey Statutes § 52:31-1 cover?
Section 52:31-1 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 § 52:31-1?
A common citation format is "New Jersey Statutes § 52:31-1" (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 § 52:31-1 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.