12:3-70. Improvements and fixtures and title and goodwill of enterprise to revert to state
91 words·~1 min read·
/nj/title-12/chapter-3/12-3-70A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
At the expiration of the term of the grant or lease the title to all improvements, railways, buildings, docks, wharves, bulkheads, machinery, stock and equipment and all chattels comprising the fixtures located upon such land and premises and then in the operation and maintenance of the enterprise, business or venture conducted on the premises, together with the title and goodwill of the business or enterprise, shall vest in the state. The grant or lease shall contain in detail the mode and manner and subject matter of the transfer to the state.