40:48-2.41. Maximum amount payable for transfer to municipality; limitation on reduction; reissuance
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/nj/title-40/chapter-48/40-48-2-41A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No such contract shall authorize payment to the licensee for transfer of the license to the municipality of a sum in excess of $30,000.00 and no such contract shall result in the reduction in the number of retail consumption licenses to fewer than one for each 3,000 of the municipality's population, and no license so acquired by the municipality shall be reissued to any applicant.
L.1968, c. 277, s. 2, eff. Sept. 4, 1968. Amended by L.1979, c. 61, s. 1, eff. April 4, 1979; L.1982, c. 62, s. 1.