New Jersey § 40a:2-49
Full text of New Jersey New Jersey Statutes § 40a:2-49, with citation guidance and answers to common questions.
§ 40a:2-49.
After 20 days after publication after final passage of a bond ordinance, the following
shall be conclusively presumed: a. the accuracy, correctness and sufficiency of any annual or supplemental debt statement
filed in connection therewith; b. any recitals or statements of fact contained in such ordinance or preamble or recital
thereof; c. determinations in said ordinance as to purposes for which said obligations are
authorized, the period or average period of usefulness, the maturities of any obligations,
and the validity of the purpose or purposes for which authorized; d. the due and regular introduction, publication and final passage and adoption of
such ordinance; e. the compliance with the provisions of this chapter and every other law of such
ordinance and all matters in connection therewith, and the issuance of obligations
authorized thereby or pursuant thereto by the local unit. The local unit and all other persons interested shall forever be estopped from denying
that such ordinance or its final adoption or issuance of obligations thereunder do
not comply with the provisions of this and every other law, or from questioning in
any manner the validity of such ordinance or any obligations issued thereunder in
any action or proceeding commenced after 20 days shall have elapsed from publication
of such ordinance after final passage.
Frequently Asked Questions About New Jersey § 40a:2-49
What does New Jersey Statutes § 40a:2-49 cover?
Section 40a:2-49 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 § 40a:2-49?
A common citation format is "New Jersey Statutes § 40a:2-49" (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 § 40a:2-49 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.