40:37B-38 - Exemption of property of authority from levy and sale
40:37B-38.Ā Exemption of property of authority from levy and sale
All property of an authority shall be exempt from levy and sale by virtue ofĀ an execution, and no execution or other judicial process shall issue againstĀ the same, nor shall any judgment against an authority be a charge or lien uponĀ its property;Ā provided, that nothing herein contained shall apply to or limitĀ the rights of the holder of any bonds to pursue any remedy for the enforcementĀ of any pledge or lien given by an authority on its facility revenues or otherĀ moneys.
L.1967, c. 136, s. 38, eff. June 28, 1967.
Ā
All property of an authority shall be exempt from levy and sale by virtue ofĀ an execution, and no execution or other judicial process shall issue againstĀ the same, nor shall any judgment against an authority be a charge or lien uponĀ its property;Ā provided, that nothing herein contained shall apply to or limitĀ the rights of the holder of any bonds to pursue any remedy for the enforcementĀ of any pledge or lien given by an authority on its facility revenues or otherĀ moneys.
L.1967, c. 136, s. 38, eff. June 28, 1967.
Ā
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