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New Jersey Statutes, Title: 2A, ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
Chapter 42: Landlord's lien for rent; amount; taking goods or chattels to satisfy
Section: 2A:42-133: Order for sale of building.
20. Upon application of the receiver, the court may order the sale of the building if it finds that:
a. Notice was given to each current record owner of the building, each mortgagee or lienholder of record, and any other party in interest;
b. The receiver has been in control of the building for more than one year at the time of application and the owner has not successfully petitioned for reinstatement under section 24 of P.L.2003, c.295 (C.2A:42-137); and
c. The sale would promote the sustained maintenance of the building as sound, affordable housing, consistent with codes and safety requirements.
L.2003,c.295,s.20.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 2A:42-133 (if available):
Court decisions that cite this statute: CLICK HERE.