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Current as of January 01, 2024 | Updated by Findlaw Staff
12. All moneys received upon sales, in pursuance of this act, shall be held by the collector of the town, township, borough, or other municipality until the expiration of the time for redemption herein provided for, and thereupon the surplus, if any, remaining in any case, after deducting the amount of taxes, assessments, interest, costs and disbursements due to the town, township, borough or other municipality, shall be paid over by the collector to the clerk of the Circuit Court of the county, subject to the further order of said Circuit Court. All such surplus moneys heretofore paid to the clerk of said Circuit Court pursuant to the act to which this is an amendment, remaining unclaimed for more than thirty years from the date of payment thereof to said clerk, shall, upon application to the said Circuit Court by the municipality in which such lands are situated and upon order of said Circuit Court, be paid to, and become part of the funds of, said municipality.
Cite this article: FindLaw.com - New Jersey Acts Saved from Repeal ACTS SAVED 54 § 6-5(12) - last updated January 01, 2024 | https://codes.findlaw.com/nj/acts-saved-from-repeal/nj-st-sect-acts-saved-54-6-5-12/
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