New Jersey Statutes 13:1B-15.12a7. Limitations on use of land in system
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Terms Used In New Jersey Statutes 13:1B-15.12a7
- 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.
No land in the system may be leased, sold or exchanged or be taken by any corporation, public or private, nor shall the timber thereon be sold, removed or destroyed, nor minerals extracted, except by authorizing special legislation.
L.1975, c. 363, s. 8, eff. March 3, 1976.