New Jersey Statutes 2A:56-40. Deed to purchaser
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Terms Used In New Jersey Statutes 2A:56-40
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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.
The deed to the purchaser, given pursuant to a sale made under authority of section 2A:56-37, section 2A:56-38 or section 2A:56-39 of this title, shall convey the title to the real estate of all the tenants, whether in possession, remainder, reversion or expectancy.
L.1951 (1st SS), c.344.