40A:5-15.3. Securities of local unit purchased by it not to be canceled; sale thereafter
44 words·~1 min read·
/nj/title-40a/chapter-5/40a-5-15-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Securities of a local unit 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 governing body.
L.1977, c. 396, s. 10, eff. Feb. 23, 1978.