New Jersey § 38:23B-16 Liquidation of notes purchased;  deferred payments

New Jersey Statutes

§ 38:23B-16 — Liquidation of notes purchased; deferred payments

New Jersey § 38:23B-16

Title 38MILITIA--SOLDIERS, SAILORS AND MARINES

This text of New Jersey § 38:23B-16 (Liquidation of notes purchased; deferred payments) 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. § 38:23B-16 (2026).

Text

The commissioner shall proceed to liquidate notes purchased by the authority as rapidly as possible, but shall develop and adopt programs for deferred payments by makers of such notes to avoid undue hardship or sacrifice of business values, without regard to the six-year limitations on maturity elsewhere contained in this act. L.1944, c. 126, p. 349, s.

16.Amended by L.1945, c. 185, p. 630, s. 13, eff. April 17, 1945.

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The commissioner shall proceed to liquidate notes purchased by the authority as rapidly as possible, but shall develop and adopt programs for deferred payments by makers of such notes to avoid undue hardship or sacrifice of business values, without regard to the six-year limitations on maturity elsewhere contained in this act. L.1944, c. 126, p. 349, s. 16. Amended by L.1945, c. 185, p. 630, s. 13, eff. April 17, 1945.