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2A:42-136 Sale of property.

New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

... 2A: 42-136 Sale of property. 2A: 42-136 Sale of property. 23. Upon approval by the court, the receiver shall sell the property on such terms and at such price as the court shall approve, and may place the proceeds of sale in escrow with the court, except that unpaid municipal liens shall be paid from the proceeds of the sale. The court shall order a distribution of the proceeds of sale after paying court costs in the following order of priority: a. The reasonable costs and expenses of sale actually incurred; b. Municipal liens pursuant to R.S.54:5-9; c. Repayment of principal and interest on any borrowing or indebtedness incurred by the receiver and...

2A:42-135 Dismissal of receiver's application to sell property.

New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

... 2A:42-135 Dismissal of receiver's application to sell property. 2A:42-135 Dismissal of receiver's application to sell property. 22. a. Upon application by the receiver to sell the property the owner or any party in interest may seek to have the receiver's application to sell the property dismissed and the owner's rights reinstated upon a showing that the owner meets all of the conditions set forth in section 25 of P.L.2003, c.295...

... conditions that the court may establish. In setting the conditions for reinstatement, the court shall invite recommendations from the receiver. b. In connection with the sale, the court may authorize the receiver to sell the building free and clear of liens, claims and encumbrances in which event, all such liens, claims...

... and encumbrances, including tax and other municipal liens, shall be transferred to the proceeds of sale with the same priority as existed prior to resale in accordance with section 23 of P.L.2003, c.295 (C.2A: 42-136). L.2003,c.295,s.22....

	Title
	2A:42-136 Sale of property.
	New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
	... 2A: 42-136 Sale of property. 2A: 42-136 Sale of property. 23. Upon approval by the court, the receiver shall sell the property on such terms and at such price as the court shall approve, and may place the proceeds of sale in escrow with the court, except that unpaid municipal liens shall be paid from the proceeds of the sale. The court shall order a distribution of the proceeds of sale after paying court costs in the following order of priority: a. The reasonable costs and expenses of sale actually incurred; b. Municipal liens pursuant to R.S.54:5-9; c. Repayment of principal and interest on any borrowing or indebtedness incurred by the receiver and...

	2A:42-135 Dismissal of receiver's application to sell property.
	New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
	... 2A:42-135 Dismissal of receiver's application to sell property. 2A:42-135 Dismissal of receiver's application to sell property. 22. a. Upon application by the receiver to sell the property the owner or any party in interest may seek to have the receiver's application to sell the property dismissed and the owner's rights reinstated upon a showing that the owner meets all of the conditions set forth in section 25 of P.L.2003, c.295...
	... conditions that the court may establish. In setting the conditions for reinstatement, the court shall invite recommendations from the receiver. b. In connection with the sale, the court may authorize the receiver to sell the building free and clear of liens, claims and encumbrances in which event, all such liens, claims...
	... and encumbrances, including tax and other municipal liens, shall be transferred to the proceeds of sale with the same priority as existed prior to resale in accordance with section 23 of P.L.2003, c.295 (C.2A: 42-136). L.2003,c.295,s.22....