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New Jersey Statutes, Title: 32, INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
Chapter 23: Compact
Section: 32:23-23: Duration of license; renewal
A license granted pursuant to this article shall be for a term of two years or fraction of such two-year period, and shall expire on the first day of December of each odd numbered year. In the event of the death of the licensee, if a natural person, or its termination or dissolution by reason of the death of a partner, if a partnership, or if the licensee shall cease to be a party to any contract of the type required by subdivision (d) of section 3 of this article, the license shall terminate ninety days after such event or upon its expiration date, whichever shall be sooner. A license may be renewed by the commission for successive two-year periods upon fulfilling the same requirements as are set forth in this article for an original application.
L.1953, c. 202, p. 1525, Part I, s. 1, Art. VI, par. 5.
This section added to the Rutgers Database: 2012-09-26 13:37:50.
Older versions of 32:23-23 (if available):
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