Amends rent receivership statute to provide that court shall appoint receiver under certain conditions; establishes mandatory appointment requirement.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill amends New Jersey’s rent receivership statute to require courts to automatically appoint a receiver when certain conditions related to building code violations are met. It establishes a mandatory appointment requirement, removing a previous discretionary provision. The bill also clarifies the process for determining eligibility for receivership and outlines the receiver’s powers and responsibilities.
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