New Jersey § 18A:20-16 Investment of proceeds under direction of superior court

New Jersey Statutes

§ 18A:20-16 — Investment of proceeds under direction of superior court

New Jersey § 18A:20-16

Title 18AEDUCATION

This text of New Jersey § 18A:20-16 (Investment of proceeds under direction of superior court) 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. § 18A:20-16 (2026).

Text

The moneys arising from any such sale shall be invested, under the direction of the superior court, by and in the name of the board of education to whom the real estate so sold shall have been devised and shall be held by it in trust for the uses and purposes set forth in the will. The court may from time to time make such further orders and directions in the premises as shall conserve the purposes of the trust and be deemed necessary to carry out the will of the testator. L.1967, c.271.

Free access — add to your briefcase to read the full text and ask questions with AI

The moneys arising from any such sale shall be invested, under the direction of the superior court, by and in the name of the board of education to whom the real estate so sold shall have been devised and shall be held by it in trust for the uses and purposes set forth in the will. The court may from time to time make such further orders and directions in the premises as shall conserve the purposes of the trust and be deemed necessary to carry out the will of the testator. L.1967, c.271.