27:25A-31 - Authority property exempt from execution - New-jersey Statutes

State Codes and Statutes

Statutes > New-jersey > Title-27 > Section-27-25a > 27-25a-31

27:25A-31.   Authority property exempt from execution
     31. All property of the authority, except any property which is subjected to a lien to secure any bonds or notes issued by the authority, shall be exempt from levy and sale by virtue of an execution and no execution or other judicial process shall issue against the same, nor shall any such judgment against the authority be a charge or lien upon its property; provided that nothing herein contained shall apply to or limit the rights of the holders of any bonds or notes to pursue any remedy for the enforcement of any pledge or lien given by the authority on its revenues or other moneys.

    L.1991,c.252,s.31.

State Codes and Statutes

Statutes > New-jersey > Title-27 > Section-27-25a > 27-25a-31

27:25A-31.   Authority property exempt from execution
     31. All property of the authority, except any property which is subjected to a lien to secure any bonds or notes issued by the authority, shall be exempt from levy and sale by virtue of an execution and no execution or other judicial process shall issue against the same, nor shall any such judgment against the authority be a charge or lien upon its property; provided that nothing herein contained shall apply to or limit the rights of the holders of any bonds or notes to pursue any remedy for the enforcement of any pledge or lien given by the authority on its revenues or other moneys.

    L.1991,c.252,s.31.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > New-jersey > Title-27 > Section-27-25a > 27-25a-31

27:25A-31.   Authority property exempt from execution
     31. All property of the authority, except any property which is subjected to a lien to secure any bonds or notes issued by the authority, shall be exempt from levy and sale by virtue of an execution and no execution or other judicial process shall issue against the same, nor shall any such judgment against the authority be a charge or lien upon its property; provided that nothing herein contained shall apply to or limit the rights of the holders of any bonds or notes to pursue any remedy for the enforcement of any pledge or lien given by the authority on its revenues or other moneys.

    L.1991,c.252,s.31.