New Jersey § 40:67-12.2 Time for fixing value of property;  payment into court

New Jersey Statutes

§ 40:67-12.2 — Time for fixing value of property; payment into court

New Jersey § 40:67-12.2

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:67-12.2 (Time for fixing value of property; payment into 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. § 40:67-12.2 (2026).

Text

In fixing the compensation for any property taken in pursuance of section 40:67-12.1, the value of such property shall be fixed as of the date of the entry thereon by the municipality and the owner shall be entitled to interest upon the value of such property from the date of such entry to the date of payment of such compensation to the owner or into the court. Amended by L.1953, c. 37, p. 729, s. 234, eff. March 19, 1953.

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In fixing the compensation for any property taken in pursuance of section 40:67-12.1, the value of such property shall be fixed as of the date of the entry thereon by the municipality and the owner shall be entitled to interest upon the value of such property from the date of such entry to the date of payment of such compensation to the owner or into the court. Amended by L.1953, c. 37, p. 729, s. 234, eff. March 19, 1953.