New Jersey Statutes 40:48-2.41. Maximum amount payable for transfer to municipality; limitation on reduction; reissuance
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Terms Used In New Jersey Statutes 40:48-2.41
- Contract: A legal written agreement that becomes binding when signed.
- population: when used in any statute, shall be taken to mean the population as shown by the latest Federal census effective within this State, and shall be construed as synonymous with "inhabitants. See New Jersey Statutes 1:1-2
No such contract shall authorize payment to the licensee for transfer of the license to the municipality of a sum in excess of $30,000.00 and no such contract shall result in the reduction in the number of retail consumption licenses to fewer than one for each 3,000 of the municipality’s population, and no license so acquired by the municipality shall be reissued to any applicant.
L.1968, c. 277, s. 2, eff. Sept. 4, 1968. Amended by L.1979, c. 61, s. 1, eff. April 4, 1979; L.1982, c. 62, s. 1.