New Jersey Statutes 27:12-1.3. Sale to municipality, public body permitted
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Terms Used In New Jersey Statutes 27:12-1.3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
3. The provisions of this act shall not affect the right of the commissioner to sell at private sale to a municipal corporation or to any public board or commission any real estate or any right or interest therein as provided in subsection a. of R.S. 27:12-1
L.1999,c.64,s.3.