38:23B-16. Liquidation of notes purchased; deferred payments
71 words·~1 min read·
/nj/title-38/chapter-23b/38-23b-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commissioner shall proceed to liquidate notes purchased by the authority as rapidly as possible, but shall develop and adopt programs for deferred payments by makers of such notes to avoid undue hardship or sacrifice of business values, without regard to the six-year limitations on maturity elsewhere contained in this act.
L.1944, c. 126, p. 349, s. 16. Amended by L.1945, c. 185, p. 630, s. 13, eff. April 17, 1945.