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N.J. Stat. Ann. § 3B:3-44

Specific devise; right of devisee after sale, condemnation, casualty loss or foreclosure

L.1981, c.405, s.3B:3-44, eff

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.

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.