New Jersey § 40:37B-38 Exemption of property of authority from levy and sale

New Jersey Statutes

§ 40:37B-38 — Exemption of property of authority from levy and sale

New Jersey § 40:37B-38

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:37B-38 (Exemption of property of authority from levy and sale) 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. § 40:37B-38 (2026).

Text

All property of an authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same, nor shall any judgment against an authority be a charge or lien upon its property; provided, that nothing herein contained shall apply to or limit the rights of the holder of any bonds to pursue any remedy for the enforcement of any pledge or lien given by an authority on its facility revenues or other moneys. L.1967, c. 136, s. 38, eff. June 28, 1967.

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All property of an authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same, nor shall any judgment against an authority be a charge or lien upon its property; provided, that nothing herein contained shall apply to or limit the rights of the holder of any bonds to pursue any remedy for the enforcement of any pledge or lien given by an authority on its facility revenues or other moneys. L.1967, c. 136, s. 38, eff. June 28, 1967.