N.J.S.A. 40A:67-16 — Authority property, exempt from levy, sale.

40A:67-16 Authority property, exempt from levy, sale. 16. All property of an authority shall be exempt from levy and sale by virtue of an execution of a court of competent jurisdiction and no execution or other judicial process shall issue against an authority nor shall any judgment against an authority be a charge or lien upon its property, provided that nothing in this section shall apply to or limit the rights of the holder of any bonds to pursue a remedy for the enforcement of any pledge or lien given by an authority, revenues, or other monies. L.2023, c.346, s.16.

This is the verbatim text of N.J.S.A. 40A:67-16, 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.