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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES

    Chapter 48: Ordinances; general purpose.

      Section: 40:48-2.41: Maximum amount payable for transfer to municipality; limitation on reduction; reissuance

           No such contract shall authorize payment to the licensee for transfer of the license to the municipality of a sum in excess of $30,000.00 and no such contract shall result in the reduction in the number of retail consumption licenses to fewer than one for each 3,000 of the municipality's population, and no license so acquired by the municipality shall be reissued to any applicant.

L.1968, c. 277, s. 2, eff. Sept. 4, 1968. Amended by L.1979, c. 61, s. 1, eff. April 4, 1979; L.1982, c. 62, s. 1.



This section added to the Rutgers Database: 2012-09-26 13:37:52.






Older versions of 40:48-2.41 (if available):



Court decisions that cite this statute: CLICK HERE.