New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 22-6

Any executor under any will, any administrator, administrator with the will annexed, substituted administrator or substituted administrator with the will annexed, and where there has been more than 1, the surviving or remaining fiduciaries or fiduciary, to whom letters have heretofore been or may hereafter be granted, may carry into effect the terms and conditions of any agreement for the purchase or sale of any real estate entered into by the decedent. And any subsequent agreement entered into by any such fiduciary in relation thereto shall be binding and effectual on all parties as if made by the decedent.

The fiduciary may take title to the real estate, at such times and upon such terms and conditions as he shall deem for the best interest of the estate, although by the provisions of said will there is given no power to the executor to take title to real estate.

The real estate shall be assets of the estate in the hands of the fiduciary, and may be sold and conveyed by him, without any order of court, and he shall receive, be accountable for and pay over the proceeds of such sale or sales as other estate moneys in his hands.

Any sale or conveyance of such real estate heretofore made by any such fiduciary shall be construed to have vested and to vest in the purchaser or grantee the title to such real estate as fully as if the decedent had made the same in his lifetime.