N.J.S.A 2A:44-52. Sale of retained property; disposition of proceeds

2A:44-52. Sale of retained property; disposition of proceeds

Property retained by the proprietor under this article shall be sold at public auction, after the expiration of 30 days from the date of such retention.

Notice of the sale shall be first published once in each of the 2 weeks preceding the day of the sale in a newspaper circulating in the municipality in which the stable is situated, and 5 days’ notice of the sale shall be given by posting a copy of the notice in 5 public places in the municipality.

The proceeds of sale after the deduction of the expenses thereof shall first be applied to the payment of the indebtedness, and the balance, if any, shall be paid to the owner of the property, or his representative. The balance, if not claimed by the owner within 60 days after sale, shall be paid to the municipality, in which the stable is situated, for the support of the poor.

Case(s):

Look up case for New Jersey Statute 2A:44-52. Sale of retained property; disposition of proceeds

Original Text maintained by the State of New Jersey:

NJ Maintained Unanotated Statutes References to 2A:44-52. Sale of retained property; disposition of proceeds

Previous: 2A:44-51. Right of lien; retention of property when amount due unpaid; “keeper of a livery stable” defined Next: 2A:44-53. Compensation to persons taking up and securing drift lumber or boats

Disclaimer: Always check for the most up to date language of a statute. Every time a new law is enacted it has a possibility of changing the wording of a statute or override case law. These pages were created to assist in looking up and migrating between statutes easily. No accuracy is guaranteed. If you need help with researching law, contact an attorney.

Related Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.