18A:20-10 - Lands conveyed on condition

18A:20-10.  Lands conveyed on condition
    Whenever any district has heretofore received a conveyance of lands subject  to a recital or condition in the deed of conveyance, substantially providing  that the land and premises conveyed are intended to be conveyed for the express  purpose of building a public schoolhouse on the same and for the uses and  purposes of a public school for said district, and the lands so conveyed have  been held by the district for more than 30 years, and no public schoolhouse has  ever been built or has stood for the past 20 years thereon, and the board of  education of the district shall determine that the lands are not required for  school uses and purposes, the board may sell and convey the said lands and  make, execute and deliver a valid conveyance thereof, free of any such recital  or condition and thereby vest a title in fee simple absolute in the grantee as  fully as though such recital or condition was not contained in the deed of  conveyance to the school district;  provided, that no proceeding or action  shall be commenced against said school district for the recovery of said lands  or the enforcement of such recital or condition within a period of one year  from the date of conveyance of said lands by the board.
 
L.1967, c.271.