N.J.S.A. 55:17-6 — Modifying or supplementing mortgage loan; written consent of holder

55:17-6. Modifying or supplementing mortgage loan; written consent of holder So long as any mortgage loan remains unsatisfied in respect to any project, no agreement shall be made between the governmental body or agency on any lease or financial agreement and the other party thereto, either to modify or supplement any provision thereof, or to exercise any option or right thereunder, including any option to surrender a tax arrangement, without the prior written consent of the holder of the mortgage loan. L.1967, c. 304, s. 6, eff. Feb. 15, 1968.

This is the verbatim text of N.J.S.A. 55:17-6, 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.