2016 New Jersey Revised Statutes
Title 39 - Motor Vehicles And Traffic Regulation
Section 39:3-40.4 - Sale, Transfer Of Motor Vehicle Subject To Registration Restrictions

NJ Rev Stat § 39:3-40.4 (2016) What's This?

39:3-40.4. Sale, transfer of motor vehicle subject to registration restrictions
5. A motor vehicle subject to the registration restrictions set forth in sections 2 and 3 of P.L.1995, c.286 (C.39:3-40.1 and C.39:3-40.2) may not be sold or its ownership transferred; and the Division of Motor Vehicles shall not issue a certificate of registration for that vehicle; during the period in which those restrictions remain in effect unless that motor vehicle is sold or transferred for a fair market value.

L.1995,c.286,s.5.


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