New Jersey § 16:1-22 Sale or disposition of trust property;  law applicable; disposition of proceeds

New Jersey Statutes

§ 16:1-22 — Sale or disposition of trust property; law applicable; disposition of proceeds

New Jersey § 16:1-22

Title 16CORPORATIONS AND ASSOCIATIONS, RELIGIOUS

This text of New Jersey § 16:1-22 (Sale or disposition of trust property; law applicable; disposition of proceeds) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 16:1-22 (2026).

Text

When an incorporated religious society or any officers or trustees thereof hold real estate granted, conveyed or devised by deed, will or otherwise, appropriating the rents, issues and profits of any such real estate to specific uses and purposes, but without power to sell, convey or otherwise dispose of the same, such society, officers or trustees may sell, convey or otherwise dispose of the same in accordance with the provisions of sections 15:14-7 to 15:14-11 of the title Corporations and Associations Not for Profit. The proceeds of any such sale shall be disposed of as provided in said sections 15:14-7 to 15:14-11.

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When an incorporated religious society or any officers or trustees thereof hold real estate granted, conveyed or devised by deed, will or otherwise, appropriating the rents, issues and profits of any such real estate to specific uses and purposes, but without power to sell, convey or otherwise dispose of the same, such society, officers or trustees may sell, convey or otherwise dispose of the same in accordance with the provisions of sections 15:14-7 to 15:14-11 of the title Corporations and Associations Not for Profit. The proceeds of any such sale shall be disposed of as provided in said sections 15:14-7 to 15:14-11.