New Jersey § 54:1-42
Full text of New Jersey New Jersey Statutes § 54:1-42, with citation guidance and answers to common questions.
§ 54:1-42.
The commissioner may bid for and purchase any property, real and personal, heretofore
or hereafter exposed to sale under the order or decree of any court for the payment
and satisfaction of any claim for taxes held by this state, and take and hold the
title to the property, real and personal, so purchased in his official name, style
and title, but he shall in no case bid a higher price for such property than shall
be sufficient to save the amount due to the state upon its claim.
Frequently Asked Questions About New Jersey § 54:1-42
What does New Jersey Statutes § 54:1-42 cover?
Section 54:1-42 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 § 54:1-42?
A common citation format is "New Jersey Statutes § 54:1-42" (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 § 54:1-42 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.