Terms Used In New Jersey Statutes 45:5A-36.1

  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
1. A municipality, county, or other political subdivision of the State shall not adopt an ordinance or resolution or promulgate a rule or regulation authorizing the imposition of civil penalties or fines on a partnership, corporation, or other business entity engaged in alarm business for a false alarm that is not caused by an operational error, improper installation of an alarm, or the provision of defective equipment attributable to the business entity.

L.2019, c.434, s.1.