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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS

    Chapter 3: Individuals competent to make a will and appoint a testamentary guardian.

      Section: 3B:3-44: Specific devise; right of devisee after sale, condemnation, casualty loss or foreclosure.

          
3B:3-44. A specific devisee has the right to the remaining specifically devised property in the testator's estate at death and:

a. Any balance of the purchase price (together with any security interest) owing from a purchaser to the testator at death by reason of sale of the property;

b. Any amount of a condemnation award for the taking of the property unpaid at death;

c. Any proceeds unpaid at death on fire or casualty insurance on, or other recovery for injury to, the property; and

d. Property owned by testator at his death as a result of foreclosure, or obtained in lieu of foreclosure, of the security for a specifically devised obligation.

L.1981, c.405, s.3B:3-44, eff. May 1, 1982; amended 2004, c.132, s.37.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 3b:3-44 (if available):



Court decisions that cite this statute: CLICK HERE.


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