New Jersey Statutes 2A:56-16. Effect of partition on lienor on undivided interest
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 2A:56-16
- Lien: A claim against real or personal property in satisfaction of a debt.
Where a lien mentioned in section 2A:56-15 of this title is on the undivided interest or estate of a party, the lien, if partition of the real estate is made, shall thereafter be a charge only on the share assigned to such party, but such share shall be charged first with its just proportion of the costs of the proceedings in partition, in preference to any such lien.
L.1951 (1st SS), c.344.