New Jersey Statutes 13:1B-15.9. Acquisition of lands
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Terms Used In New Jersey Statutes 13:1B-15.9
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
Lands acquired by the State pursuant to this act shall be acquired by the commissioner in the name of the State. They may be acquired by gift, purchase or otherwise on such terms and subject to such conditions and restrictions as the commissioner, after consultation with the council, may determine.
L.1961, c. 51, p. 526, s. 6, eff. June 3, 1961.