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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES

    Chapter 60: Property of certain societies transferred in trust to municipality; purposes

      Section: 40:60-25.10: Encumbrances

           Any municipality purchasing property pursuant to this act, may take such property subject to leases, mortgages, liens, easements, agreements, covenants, servitudes, liabilities or other encumbrances or claims, and may thereafter settle, adjust and discharge any or all of the same upon such terms and conditions as are agreed on by the municipality and other parties in interest.

L.1944, c. 206, p. 730, s. 4, eff. April 21, 1944.



This section added to the Rutgers Database: 2012-09-26 13:37:52.






Older versions of 40:60-25.10 (if available):



Court decisions that cite this statute: CLICK HERE.