New Jersey Statutes
§ 3B:14-62 — Abandonment of real property may be authorized
New Jersey·Title 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
A fiduciary of or any person interested in an estate or a trust may apply to the court for a judgment or order directing the fiduciary to abandon any improved or unimproved real property that is an asset of the estate or trust and, which because of liens, encumbrances, the absence or lack of revenue, or for other reasons, does not have a value worth protecting, and that it is for the best interests of persons having an interest in the estate or trust that the real property be abandoned. L.1981, c. 405, s. 3B:14-62, eff. May 1, 1982.
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Nearby Sections
15
§ 3B:14-10
Cofiduciaries; terms of instrument§ 3B:14-11
Substituted fiduciary; bond§ 3B:14-12
Substituted fiduciary; powers and duties§ 3B:14-13
Reinstatement of original fiduciary§ 3B:14-14
Termination of substituted fiduciary's powers and duties; accounting and delivery of assets§ 3B:14-16
Commissions; apportionment§ 3B:14-17
More than one substituted fiduciary§ 3B:14-19
Discharge from particular trust; effect§ 3B:14-21
Removal for cause.