3B:27-5. Absentee later proved alive entitled to proceeds of transaction
80 words·~1 min read·
/nj/title-3b/chapter-27/3b-27-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If an absentee should later be proved to have been alive at the time of a transaction referred to in N.J.S. 3B:27-4, then he or any other person taking under him shall be entitled to a just interest in the rents, purchase price, and other proceeds of the transaction, which have not come into the hands of a person who has given value therefor without notice that the absentee was alive.
L.1981, c. 405, s. 3B:27-5, eff. May 1, 1982.