3B:3-44 Specific devise; right of devisee after sale, condemnation, casualty loss or foreclosure.
3B:3-44. A specific devisee has the right to the remaining specifically devised property in the testator's estate at death and:
a.Any balance of the purchase price (together with any security interest) owing from a purchaser to the testator at death by reason of sale of the property;
b.Any amount of a condemnation award for the taking of the property unpaid at death;
c.Any proceeds unpaid at death on fire or casualty insurance on, or other recovery for injury to, the property; and
d.Property owned by testator at his death as a result of foreclosure, or obtained in lieu of foreclosure, of the security for a specifically devised obligation.
L.1981, c.405, s.3B:3-44, eff. May 1, 1982; amended 2004, c.132, s.37.
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Last modified: October 11, 2016