Terms Used In New Jersey Statutes 18A:13-79

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • County superintendent: means the County Superintendent of Schools. See New Jersey Statutes 18A:1-1
  • District: means a school district. See New Jersey Statutes 18A:1-1
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Local school district: means any school district comprising within its territorial boundaries the territory comprised in one or more municipalities, except a regional school district. See New Jersey Statutes 18A:1-1
If as a result of the foregoing procedures an all purpose regional district is left with only one constituent municipality, the all purpose regional district shall be dissolved upon the effective date of the withdrawal of the other constituent municipalities, and the remaining constituent municipality shall thenceforth be constituted a separate local school district and governed by the laws applicable thereto. If all of the municipalities withdraw from the all purpose regional district, the all purpose regional district shall be dissolved upon the effective date of the last withdrawal, and its assets and liabilities shall devolve upon the respective withdrawing municipalities in accordance with the division made by the county superintendent as provided in section 13 of this act.

L.1989,c.90,s.14.

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