N.Y. Real Property Actions and Proceedings Law 1742 – Appraisal
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§ 1742. Appraisal. When the court deems it necessary for the protection of the interests of the infant, incompetent person or conservatee, it may appoint a competent, disinterested person as appraiser, who after taking an oath fairly to appraise the real property, shall go upon the premises, and make an appraisal of the property and report the result thereof to the court. The fee of the appraiser shall be fixed by the court and be included in the costs of the proceedings. A transcript of the proof and the report of the referee or appraiser, if any, shall be filed with the final order.
Terms Used In N.Y. Real Property Actions and Proceedings Law 1742
- Appraisal: A determination of property value.
- conservatee: means a person who has suffered substantial impairment of his ability to care for his property or has become unable to provide for himself or others dependent upon him for support for whom a conservator of his property has been appointed, pursuant to § 77. See N.Y. Real Property Actions and Proceedings Law 1701
- incompetent person: means a person incompetent to manage his affairs of whose property a committee has been appointed pursuant to § 78. See N.Y. Real Property Actions and Proceedings Law 1701
- Oath: A promise to tell the truth.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.