N.J.S.A. 5:12-159

Dissolution of authority; conditions

5:12-159. Dissolution of authority; conditions The Casino Reinvestment Development Authority may be dissolved by an act of the Legislature on the condition that the Casino Reinvestment Development Authority has no debts or obligations outstanding or that provision has been made for the payment and retirement of its debts or obligations. Upon any dissolution of the Casino Reinvestment Development Authority, all property, funds and assets thereof shall be vested in the State. L.1984, c. 218, s. 11, eff. Dec. 19, 1984.

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This is the verbatim text of N.J.S.A. 5:12-159, 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.