New Jersey Statutes 13:1K-9.2. Owner, operator required to remediate industrial establishment
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Terms Used In New Jersey Statutes 13:1K-9.2
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
2. The acquiring of title to an industrial establishment by a municipality pursuant to a foreclosure action pertaining to a certificate of tax sale purchased and held by the municipality shall not relieve the previous owner or operator of the industrial establishment of his duty to remediate the industrial establishment as required pursuant to P.L.1983, c.330.
L.1991,c.238,s.2; amended 1993,c.139,s.5.