New Jersey Statutes 18A:18A-48. Contracts, etc.; validated and confirmed
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Terms Used In New Jersey Statutes 18A:18A-48
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Any action, purchase, sale, contract or agreement taken, made or entered into prior to the effective date of this chapter pursuant to any of the acts, amendments and supplements repealed by this chapter are hereby validated and confirmed, provided that in no event shall a lease of personal property entered into prior to the effective date of this chapter be renewed or extended, except in accordance with the terms and provisions of this chapter.
L.1977, c. 114, s. 1, eff. June 2, 1977.