| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 52, STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
Chapter 27h:
Section: 52:27h-35: Dissolution
The authority may be dissolved by law on condition that the authority has no debts, obligations or contractual commitments, or on condition that provision has been made for the payment or retirement of debts and obligations and for the release from or satisfaction of contractual commitments. Upon dissolution of the authority all property, funds and assets thereof shall be vested in the political subdivision with which the authority is currently under contract pursuant to section 9 of this act at the time of dissolution.
L.1981, c. 459, s. 7, eff. Jan. 12, 1982.
This section added to the Rutgers Database: 2012-09-26 13:37:56.
Older versions of 52:27h-35 (if available):
Court decisions that cite this statute:
CLICK HERE.