40A:67-16 Authority property, exempt from levy, sale.
93 words·~1 min read·
/nj/title-40a/chapter-67/40a-67-16A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
16. All property of an authority shall be exempt from levy and sale by virtue of an execution of a court of competent jurisdiction and no execution or other judicial process shall issue against an authority nor shall any judgment against an authority be a charge or lien upon its property, provided that nothing in this section shall apply to or limit the rights of the holder of any bonds to pursue a remedy for the enforcement of any pledge or lien given by an authority, revenues, or other monies.
L.2023, c.346, s.16.