40:37A-127 - Exemption from execution or other judicial process
40:37A-127.Ā Exemption from execution or other judicial process
All property of the authority, except as otherwise provided herein, shall beĀ exempt from levy and sale by virtue of an execution and no execution or otherĀ judicial process shall issue against the same nor shall any judgment againstĀ the authority be a charge or lien upon its property; provided, that nothingĀ herein shall apply to or limit the rights of the holder of any bonds, bondĀ anticipation notes or other notes or obligations to pursue any remedy for theĀ enforcement of any pledge or lien given by the authority on its revenues orĀ other moneys;Ā and provided, further, that nothing herein shall limit theĀ authority's ability to enter into partnerships, limited partnerships, jointĀ ventures or other associations as a general partner, limited partner orĀ participant therein.
L.1979, c. 275, s. 22, eff. Jan. 3, 1980.Ā Amended by L.1982, c. 113, s. 17, eff. Aug. 14, 1982.
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All property of the authority, except as otherwise provided herein, shall beĀ exempt from levy and sale by virtue of an execution and no execution or otherĀ judicial process shall issue against the same nor shall any judgment againstĀ the authority be a charge or lien upon its property; provided, that nothingĀ herein shall apply to or limit the rights of the holder of any bonds, bondĀ anticipation notes or other notes or obligations to pursue any remedy for theĀ enforcement of any pledge or lien given by the authority on its revenues orĀ other moneys;Ā and provided, further, that nothing herein shall limit theĀ authority's ability to enter into partnerships, limited partnerships, jointĀ ventures or other associations as a general partner, limited partner orĀ participant therein.
L.1979, c. 275, s. 22, eff. Jan. 3, 1980.Ā Amended by L.1982, c. 113, s. 17, eff. Aug. 14, 1982.
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