13:12-7. Management and control of property by canal and banking company
72 words·~1 min read·
/nj/title-13/chapter-12/13-12-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Pending the sale of the property authorized or directed by the provisions of this chapter to be sold, such property shall continue to be managed and controlled by the canal and banking company. All the other property and rights, the title to which is vested in the canal and banking company in trust for the state of New Jersey, shall continue to be managed and controlled by the canal and banking company.