| 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: 40A, MUNICIPALITIES AND COUNTIES
Chapter 7: Law applicable in annexed territory
Section: 40A:7-17: Indebtedness of annexed municipality apportioned
The municipality to which the territory shall be annexed, shall be liable to pay a proper proportion of the bonded and other indebtedness of the municipality of which the annexed territory formerly formed a part, which portion of such indebtedness shall be ascertained in the manner hereinafter provided.
L.1979, c. 181, s. 2, eff. Aug. 29, 1979.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40a:7-17 (if available):
Court decisions that cite this statute:
CLICK HERE.