State Codes and Statutes

State Codes and Statutes

Statutes > New-jersey > Title-54 > Section-54-5 > 54-5-17

54:5-17.  Liens and outstanding certificates of tax sale not shown by search;  persons protected
    A bona fide purchaser, lessee or mortgagee who shall acquire for a valuable  consideration an interest in lands covered by an official tax search and in  reliance on said search shall hold such interest free from any municipal lien  and any outstanding certificate of tax sale held by the municipality and any  outstanding certificate of tax sale not held by the municipality and not yet  recorded within the three months period from date of sale allowed by section  54:5-51 of the Revised Statutes and not shown on that search, and it shall be  the duty of the municipality to obtain at its own cost and expense the  discharge of any such outstanding certificate of tax sale not held by the  municipality not shown on that search.

     Amended by L.1947, c. 356, p. 1157, s. 2.