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XML document 2A:42-140 Termination of receivership.
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: 42-140 Termination of receivership. 2A: 42-140 Termination of receivership. 27. Upon request of a party in interest or the receiver, the court may order the termination of the receivership if it determines: a. The conditions that were the grounds for the complaint and all other code violations have been abated or corrected, the obligations...
... expenses and improvements of the receivership, including all fees and expenses of the receiver, have been fully paid or provided for and the purposes of the receivership have been fulfilled; b. (1) The mortgage holder or lienholder has requested the receivership be terminated and has provided adequate assurances to the court that any remaining code violations or conditions that constituted grounds for the complaint will be...
XML document 2A:42-138 Granting of owner's petition.
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:42-138 Granting of owner's petition. 2A:42-138 Granting of owner's petition. 25. After reviewing the receiver's recommendations and holding a hearing, the court may grant the owner's petition if it finds...
... receiver and approved by the court; b. The owner has paid or deposits with the court all funds required to meet all obligations of the receivership, including all fees and expenses of the receiver, except as provided in subsection c. of this section; c. The owner agrees to assume all legal...
... obligations, including repayment of indebtedness incurred by the receiver for repairs and improvements to the building resulting from the receivership; d. The owner has paid all municipal property taxes, other municipal liens, and costs incurred by the municipality in connection with bringing the receivership action; e. The owner posts a bond or other security in an amount determined to be reasonable by the court in consultation with the receiver...

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