There is a newer version of the New Jersey Revised Statutes
2013 New Jersey Revised Statutes
Title 40A - MUNICIPALITIES AND COUNTIES
Section 40A:5-15.3 - Securities of local unit purchased by it not to be canceled; sale thereafter
NJ Rev Stat § 40A:5-15.3 (2013) What's This?
40A:5-15.3. Securities of local unit purchased by it not to be canceled; sale thereafter
Securities of a local unit purchased by it shall not be canceled but may be sold as and when directed by resolution adopted by a majority vote of all the members of the governing body.
L.1977, c. 396, s. 10, eff. Feb. 23, 1978.
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