39:3-40.4. Sale, transfer of motor vehicle subject to registration restrictions
70 words·~1 min read·
/nj/title-39/chapter-3/39-3-40-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
5. A motor vehicle subject to the registration restrictions set forth in sections 2 and 3 of P.L.1995, c.286 (C.39:3-40.1 and C.39:3-40.2) may not be sold or its ownership transferred; and the Division of Motor Vehicles shall not issue a certificate of registration for that vehicle; during the period in which those restrictions remain in effect unless that motor vehicle is sold or transferred for a fair market value.
L.1995,c.286,s.5.