2017 New Jersey Revised Statutes
TITLE 18A - EDUCATION
Section 18A:13-45 - Corporate existence and name; assumption of indebtedness
18A:13-45. Corporate existence and name; assumption of indebtedness
The corporate existence of an enlarged regional district shall be continued without interruption from the date of its original creation notwithstanding its enlargement and its corporate name shall remain unchanged unless another corporate name, approved by the state board, shall be adopted by resolution of the regional board of education and shall be certified to the secretary of state.
Each new constituent district shall become responsible, for the indebtedness of the regional district then outstanding or authorized but unissued, as if it had originally constituted a part of the regional district.