New Jersey Statutes 4:1C-37.1. Acquisition of property for farmland preservation purposes
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Terms Used In New Jersey Statutes 4:1C-37.1
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
2. A county, county agriculture development board, or municipality may acquire real property in fee simple for farmland preservation purposes, which property may be resold or leased by the county, county agriculture development board, or municipality with an agricultural deed restriction placed on the property by the county, county agriculture development board, or municipality.
L.2009, c.147, s.2.