New Jersey Statutes 27:25-18. Exemptions from claims of creditors and levy, execution or attachment
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Terms Used In New Jersey Statutes 27:25-18
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- 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.
Real property and rolling stock owned or used by the corporation shall be exempt from all claims of creditors and from levy, execution or attachment.
L.1979, c. 150, s. 18, eff. July 17, 1979.