New Jersey § 40a:7-18
Full text of New Jersey New Jersey Statutes § 40a:7-18, with citation guidance and answers to common questions.
§ 40a:7-18.
On the Monday after the annexation becomes effective, a committee of three to be appointed
by the governing body of the municipality to which the territory shall have been annexed,
and a similar committee appointed by the governing body of the municipality of which
the territory was formerly a part, shall meet at the municipal building of the municipality
to which the territory shall have been annexed, at 10:00 a.m., or as soon thereafter
as may be, proceed to state an account of all the property, real and personal, all
debts, dues and demands, all judgments, recognizances and claims and all liens, actions
and rights of action belonging to the municipality of which the annexed territory
formerly formed a part, and to state the fair value thereof to such municipality. They shall also state an account of all the debts outstanding of such municipality,
and the proper proportion or share to be borne and paid by the municipality to which
the territory has been annexed, and the methods in and times at which payment thereof
should be made.
Frequently Asked Questions About New Jersey § 40a:7-18
What does New Jersey Statutes § 40a:7-18 cover?
Section 40a:7-18 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:7-18?
A common citation format is "New Jersey Statutes § 40a:7-18" (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:7-18 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.