54:5-17 - Liens and outstanding certificates of tax sale not shown by search;Ā persons protected
54:5-17.Ā Liens and outstanding certificates of tax sale not shown by search;Ā persons protected
A bona fide purchaser, lessee or mortgagee who shall acquire for a valuableĀ consideration an interest in lands covered by an official tax search and inĀ reliance on said search shall hold such interest free from any municipal lienĀ and any outstanding certificate of tax sale held by the municipality and anyĀ outstanding certificate of tax sale not held by the municipality and not yetĀ recorded within the three months period from date of sale allowed by sectionĀ 54:5-51 of the Revised Statutes and not shown on that search, and it shall beĀ the duty of the municipality to obtain at its own cost and expense theĀ discharge of any such outstanding certificate of tax sale not held by theĀ municipality not shown on that search.
Amended by L.1947, c. 356, p. 1157, s. 2.
Ā
A bona fide purchaser, lessee or mortgagee who shall acquire for a valuableĀ consideration an interest in lands covered by an official tax search and inĀ reliance on said search shall hold such interest free from any municipal lienĀ and any outstanding certificate of tax sale held by the municipality and anyĀ outstanding certificate of tax sale not held by the municipality and not yetĀ recorded within the three months period from date of sale allowed by sectionĀ 54:5-51 of the Revised Statutes and not shown on that search, and it shall beĀ the duty of the municipality to obtain at its own cost and expense theĀ discharge of any such outstanding certificate of tax sale not held by theĀ municipality not shown on that search.
Amended by L.1947, c. 356, p. 1157, s. 2.
Ā