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New Jersey Statutes, Title: 12, COMMERCE AND NAVIGATION

    Chapter 3: Commissioners to make survey and report as to riparian lands, etc.

      Section: 12:3-70: Improvements and fixtures and title and goodwill of enterprise to revert to state

           At the expiration of the term of the grant or lease the title to all improvements, railways, buildings, docks, wharves, bulkheads, machinery, stock and equipment and all chattels comprising the fixtures located upon such land and premises and then in the operation and maintenance of the enterprise, business or venture conducted on the premises, together with the title and goodwill of the business or enterprise, shall vest in the state. The grant or lease shall contain in detail the mode and manner and subject matter of the transfer to the state.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 12:3-70 (if available):



Court decisions that cite this statute: CLICK HERE.