54:1-42 - Commissioner may acquire property to satisfy claim; limitation - New Jersey Statutes

54:1-42.  Commissioner may acquire property to satisfy claim; limitation
    The commissioner may bid for and purchase any property, real and personal, heretofore or hereafter exposed to sale under the order or decree of any court for the payment and satisfaction of any claim for taxes held by this state, and  take and hold the title to the property, real and personal, so purchased in his  official name, style and title, but he shall in no case bid a higher price for  such property than shall be sufficient to save the amount due to the state upon  its claim.