New Jersey § 46:8b-12
Full text of New Jersey New Jersey Statutes § 46:8b-12, with citation guidance and answers to common questions.
§ 46:8b-12.
Any management, employment, service or maintenance contract or contract for the supply
of equipment or material which is directly or indirectly made by or on behalf of the
association, prior to the unit owners having elected at least 75% of the members of
the governing board or other form of administration of the association, shall not
be entered into for a period in excess of two years. Any such contract or lease may not be renewed or extended for periods in excess
of two years and at the end of any two-year period, the association may terminate
any further renewals or extensions thereof. Notwithstanding the above, any management contract or agreement entered into after
the effective date of this amendatory act shall terminate 90 days after the first
meeting of a governing board or other form of administration in which the unit owners
constitute a majority of the members, unless the board or other form of administration
ratifies the contract or agreement.
Frequently Asked Questions About New Jersey § 46:8b-12
What does New Jersey Statutes § 46:8b-12 cover?
Section 46:8b-12 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 46:8b-12?
A common citation format is "New Jersey Statutes § 46:8b-12" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 46:8b-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.