Code · New Jersey · Title 45 — Mining, Oil and Gas · Chapter 22

45:22-25 Period of redemption; sale of unredeemed pledges.

54 words·~1 min read·/nj/title-45/chapter-22/45-22-25

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

All unredeemed pledges shall be sold at public auction or private sale, but not before the expiration of twelve months from the date of the loan, unless otherwise agreed in writing between the pawnbroker and the pledgor, or authorized by the Commissioner of Banking and Insurance for due cause shown.

Amended 2001, c.388, s.3.