New Jersey § 27:25-17 Liability for expenses of corporation

New Jersey Statutes

§ 27:25-17 — Liability for expenses of corporation

New Jersey § 27:25-17

Title 27HIGHWAYS

This text of New Jersey § 27:25-17 (Liability for expenses of corporation) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 27:25-17 (2026).

Text

All expenses incurred by the corporation in carrying out the provisions of this act shall be payable from funds available to the corporation therefor and no liability or obligation shall be incurred by the corporation beyond the extent to which moneys are available. No debt or liability of the corporation shall be deemed or construed to create or constitute a debt, liability, or a loan or pledge of the credit of the State. L.1979, c. 150, s. 17, eff. July 17, 1979.

Free access — add to your briefcase to read the full text and ask questions with AI

All expenses incurred by the corporation in carrying out the provisions of this act shall be payable from funds available to the corporation therefor and no liability or obligation shall be incurred by the corporation beyond the extent to which moneys are available. No debt or liability of the corporation shall be deemed or construed to create or constitute a debt, liability, or a loan or pledge of the credit of the State. L.1979, c. 150, s. 17, eff. July 17, 1979.