40:60-36.3 - Offer of reconveyance of lands conveyed with conditions and restrictions - New Jersey Statutes

40:60-36.3.  Offer of reconveyance of lands conveyed with conditions and restrictions    If a majority of the votes cast at such election are in favor of retaining said lands with said conditions, limitations and restrictions thereon, the said  lands shall be so retained;  but, if a majority of the votes so cast shall be  against so retaining said lands, the governing body of said municipality shall  offer to convey all the right, title and interest of the municipality to the  person who conveyed said lands to the municipality or to his or her heirs or  assigns or to such person or persons who may then have the reversionary  interest in the same.  The word "person"  as used in this paragraph and in the  succeeding paragraph hereof shall be construed to include the heirs-at-law,  next of kin, devisees, administrators, executors, successors and assigns of the  individual or individuals who conveyed said lands to the municipality, and  where the grantor to the municipality was a corporation, the word  "person"  shall include such corporation, its successors and assigns.

     L.1941, c. 104, p. 236, s. 2, eff. April 30, 1941.