N.J.S.A. 40A:2-50

Conclusiveness of validity of obligations

40A:2-50. Conclusiveness of validity of obligations After issuance, all obligations shall be conclusively presumed to be fully authorized and issued by all the laws of this State, and any person shall be estopped from questioning their sale, execution or delivery by the local unit. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.

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This is the verbatim text of N.J.S.A. 40A:2-50, 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.

N.J.S.A. 40A:2-50 — Conclusiveness of validity of obligations | Kyzer