N.J.S.A. 18A:16-22 — Validation of contracts executed prior to act

18A:16-22. Validation of contracts executed prior to act a. Contracts executed between a local board of education and an authorized insurer prior to the effective date of this act are hereby confirmed and validated until the contract anniversary next following the first anniversary of said date when such contracts, exclusive of group life insurance, will have to be conformed to the provisions of this act. b. It shall not be a defense to the payment or satisfaction of any claim for benefits under any contract or policy hereby confirmed and validated that such contract or policy was ultra vires, improperly entered into or otherwise not authorized by law. L.1979, c. 391, s. 11, eff. Feb. 6, 1980.

This is the verbatim text of N.J.S.A. 18A:16-22, 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.