Terms Used In New Jersey Statutes 48:12-87.5

  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
If any part or provision of this act shall be held invalid the remainder of this act shall not be affected thereby.

L.1967, c. 186, s. 4, eff. July 1, 1968.

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