New Jersey Statutes 55:19-14. No eminent domain; municipal regulation
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 55:19-14
- 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.
a. Neither the corporation nor any of its subsidiaries is authorized to acquire property by right of eminent domain.
b. Neither the corporation nor any of its subsidiaries shall undertake, or provide financial or other assistance for the undertaking of, a project involving any construction, demolition, improvement, alteration in the use or character of any tract of land, or alteration in the size, density or use of structures thereon, contrary to the applicable land-use regulations of the municipality in which the project is located, unless it shall first obtain, by variance, amending ordinance, or other lawful procedure, the consent of the municipality.
L. 1985, c. 227, s. 13, eff. July 8, 1985.