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Section 54:5-114.8 - Action to bar right of redemption; redemption by payment into court; assignee's rights

NJ Rev Stat § 54:5-114.8 (2019) (N/A)
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54:5-114.8. Action to bar right of redemption; redemption by payment into court; assignee's rights

When in any action, brought to bar the right of redemption, under a certificate or certificates sold pursuant to the provisions hereof, any defendant to said action or any other person in interest shall redeem said property by paying the full amount found to be due by the court, the assignee shall only be entitled to receive out of said moneys the amount actually paid to the municipality for said assignment together with lawful interest thereon from the date of payment and the taxed costs of said action, the balance shall be paid to the municipality.

L.1943, c. 149, p. 429, s. 7.

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Section 54:5-114.7 - Tax sale certificate not to be delivered before final judgment recorded; assignment; original certificate, production unnecessary where recorded; collector's duties upon recordation of final judgment
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Section 54:5-114.9 - Cancellation of tax sale certificate