18A:20-39. Securities not to be canceled; sale; resolution
45 words·~1 min read·
/nj/title-18a/chapter-20/18a-20-39·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Securities of a school district, purchased by it, shall not be canceled but may be sold as and when directed by resolution adopted by a majority vote of all the members of the board of education.
L.1977, c. 177, s. 3, eff. Aug. 16, 1977.