Code · New Jersey · Title 56 — Guaranty, Suretyship and Indemnity · Chapter 12

56:12-72. Restrictions on subleasing

80 words·~1 min read·/nj/title-56/chapter-12/56-12-72

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

2. a. No person shall arrange, for compensation, the transfer, assignment or sublease of any right or interest in a motor vehicle subject to a lease contract, conditional sale contract or security agreement unless the transfer, assignment or sublease is made in compliance with the terms of the lease contract, conditional sale contract or security agreement.

b. This prohibition shall not apply to a person who is a party to the lease contract, conditional sale contract or security agreement.

L.1995,c.77,s.2.