New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 34-14

If it shall appear to the satisfaction of the superior court that real estate or any interests therein has or have been sold by any executor, trustee or any duly appointed or otherwise legally authorized person, and that the proceeds of such a sale are on deposit in the superior court, to be kept at interest, or are held by such fiduciary subject to the provisions of a will or deed, by the terms of which the real estate has been devised or conveyed to such fiduciary and that the only persons whose interests in the proceeds of such a sale are not vested, are persons not in being, and that, with the exception of such persons not in being, the persons owning vested interests are entitled to the entire proceeds of such a sale, the superior court may direct such proceeds to be paid to the person or persons owning such vested interests, upon the execution by him or them of a proper bond or bonds to the superior court of New Jersey.

Such bond or bonds shall in the discretion of the court be with or without sureties, and shall provide that, upon the coming into being of any person or persons not in being at the time of the making of the direction for such payment, who might have an interest in the said real estate, or in the proceeds of said sale, such person or persons to whom the proceeds of the sale have been so paid will repay into the court the proceeds of said sale, or such part thereof as he or they may be directed to pay the court.