N.J.S.A. § 54:5-113.3.
Bond, note, obligation deemed asset of municipality
3. To the extent of its value, the bond, note or other obligation referred to in section 2 of P.L.1993, c.113 (C.54:5-113.1) shall be deemed an asset of the municipality and, as such, be available to the municipality for appropriate use, including sale, publicly or privately, as approved by a vote of two-thirds of the full governing body of the municipality.
L.1993,c.325,s.3.
Source: view the official text
In this chapter (40 sections)
- 54:5-104.68. · Constitutional clause
- 54:5-104.69. · Repealer
- 54:5-104.70. · Certain acts and decrees valid
- 54:5-104.71. · To take effect immediately
- 54:5-104.72 · Irregularities in proceedings; instituting new proceedings
- 54:5-104.73 · Right of purchaser to have prior foreclosure proceedings…
- 54:5-104.74 · Further foreclosure proceedings by municipality; title of…
- 54:5-104.75. · Other manner of foreclosure not precluded
- 54:5-105. · Jurisdiction of courts, proof
- 54:5-106. · Persons entitled to apply for order
- 54:5-107. · Parties defendant
- 54:5-111. · Cancellation of record; procedure
- 54:5-111.1. · Certificate of cancellation; execution
- 54:5-111.2. · Effect of certificate
- 54:5-111.3. · Filing or recording of certificate
- 54:5-111.4. · Filing fee
- 54:5-112 · Private sale of real estate acquired for delinquent taxes,…
- 54:5-113 · Private sale of certificate of tax sale by municipality;…
- 54:5-113.1. · Acceptance of bond, note, other obligation as…
- 54:5-113.2. · Removal of lessee, tenant
- 54:5-113.3. · Bond, note, obligation deemed asset of municipality
- 54:5-113.4 · Pledge, transfer of tax sale certificates; assignments,…
- 54:5-113.5. · Sale of total property tax levy by municipality
- 54:5-113.6. · Terms, conditions of bid specifications
- 54:5-113.7. · Rules, regulations; biennial report to Governor,…
- 54:5-114. · Notice mailed to owner; publication and posting
- 54:5-114.1 · Methods of sale of certificate of tax sale by municipality
- 54:5-114.10. · Foreclosure of omitted parties from equity of…
- 54:5-114.2 · Sale of certificate of tax sale, liens by municipality
- 54:5-114.3. · Sales subject to current taxes; redemption
- 54:5-114.4 · Purchasers of tax sale certificates, liens; foreclosure,…
- 54:5-114.5. · Extension of time for recording judgment; failure to…
- 54:5-114.6. · Failure to foreclose equity and record judgment
- 54:5-114.7. · Tax sale certificate not to be delivered before final…
- 54:5-114.8. · Action to bar right of redemption; redemption by payment…
- 54:5-114.9. · Cancellation of tax sale certificate
- 54:5-115. · Certain sales confirmed; subsequent liens continued
- 54:5-116. · Lands acquired at tax sale; exchange for park lands
- 54:5-121. · Conveyance or transfer of lands to state for use as forest…
- 54:5-122. · Release of obligation to collect taxes, etc.; exemption…