N.J.S.A. 13:1E-72 — Assumption of outstanding debts of former registrant by purchaser

13:1E-72. Assumption of outstanding debts of former registrant by purchaser As an incident of its prior approval pursuant to subsection c. of section 22 of this act, of the sale, assignment, conveyance or other disposition in bulk of all property of the former registrant relating to the major hazardous waste facility, the commission may, in its discretion, require that the purchaser thereof assume in a form and substance acceptable to the commission all of the outstanding debts of the former registrant that arose from or were based upon the operation of major hazardous waste facility. L.1981, c. 279, s. 24, eff. Sept. 10, 1981.

This is the verbatim text of N.J.S.A. 13:1E-72, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.