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N.J. Stat. Ann. § 2A:56-42

Payments on principal of mortgage; disposition; discharge

Known as the Uniform Partition of Heirs Property Act

The act spans §§ 2–2 (56 sections).

L.1951 (1st SS), c.344.

When the principal sum, or a part thereof, secured as provided in section 2A:56-41 of this title, is collected, it shall be paid into the superior court, by payment to the clerk thereof, there to remain until paid out under the order and direction of the superior court or reinvested, and the clerk and his sureties shall be responsible therefor. No other payment shall discharge the bond and mortgage or authorize a county clerk or register to discharge the registry on record thereof.

Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.