3B:27-4 - Real estate transaction in which an absentee has an interest; title - New Jersey Statutes

3B:27-4.  Real estate transaction in which an absentee has an interest; title
    If an absentee, a resident or nonresident of New Jersey, shall be, by virtue  of this chapter, declared dead by any court of competent jurisdiction in New  Jersey;  and if

    a.  Any real estate in which the absentee had or shall have any interest, divided or not, or contingent or not, as owner, tenant by the entirety, lessee,  spouse of an owner, or otherwise, or

    b.  The interest in the real estate of the absentee has been or shall be sold, conveyed, mortgaged, assigned, leased, devised or otherwise alienated, as  though the person were actually dead, then the absentee shall be thereafter  forever barred from any claim of title to the real estate or interest therein.   The person taking the real estate or interest therein in the transaction, and  his heirs, assigns and successors in title, shall have as perfect a right or  title therein and thereto, and shall hold the real estate, as though the  absentee had actually died on the date he is declared dead.

     L.1981, c. 405, s. 3B:27-4, eff. May 1, 1982.