New Jersey Statutes

§ 40:55D-127 — Right to bargain for equitable interest

New Jersey § 40:55D-127
JurisdictionNew Jersey
Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:55D-127 (Right to bargain for equitable interest) 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. § 40:55D-127 (2026).

Text

Notwithstanding any other provision of this act or of any other applicable law, nothing in this act shall be construed to limit or foreclose the right of a sending zone transferor or a receiving zone transferee of a development transfer pursuant to this act to bargain, wholly or partially in lieu of a cash sale price, for an equitable interest in any development in which the transfer may be used. Any contract or conveyance of development potential in which the consideration for the transaction is, in whole or in part, an equitable interest remaining in the grantor, shall be a recordable instrument to be recorded consistent with the applicable provisions of Title 46 of the Revised Statutes. L.1989,c.86,s.17.

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Bluebook (online)
New Jersey § 40:55D-127, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/40/40%3A55D-127.