There is a newer version of the New Jersey Revised Statutes
2016 New Jersey Revised Statutes
Title 54 - Taxation
Section 54:4-3.3C - Acquisition Defined
NJ Rev Stat § 54:4-3.3C (2016) What's This?
54:4-3.3c. Acquisition defined
For the purposes of this act, the right of possession, subject to L.1970, c. 214, section 1, or vesting of title, whichever shall first occur, shall be deemed to be the acquisition with respect to such real property.
L.1971, c. 370, s. 3, eff. Dec. 30, 1971.
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