55:17-5 - Nature, identity or status of person with whom lease or financialĀ agreement may be made
55:17-5.Ā Nature, identity or status of person with whom lease or financialĀ agreement may be made
Limiting and restrictive provisions of any statute otherwise applicable, inĀ respect to the nature, identity or status of any person with whom a lease orĀ financial agreement may be lawfully made shall be applied to the project only,Ā in case of a default or foreclosure, and shall not be applicable to the holderĀ of the mortgage loan.
L.1967, c. 304, s. 5, eff. Feb. 15, 1968.
Ā
Limiting and restrictive provisions of any statute otherwise applicable, inĀ respect to the nature, identity or status of any person with whom a lease orĀ financial agreement may be lawfully made shall be applied to the project only,Ā in case of a default or foreclosure, and shall not be applicable to the holderĀ of the mortgage loan.
L.1967, c. 304, s. 5, eff. Feb. 15, 1968.
Ā