New Jersey § 40a:7-5
Full text of New Jersey New Jersey Statutes § 40a:7-5, with citation guidance and answers to common questions.
§ 40a:7-5.
At the meeting the committee shall proceed to ascertain a. the entire amount of the
indebtedness of the county from which the annexed territory is taken; b. the amount
of money in the treasury of the county applicable to the payment thereof; c. the
amount of uncollected taxes and other claims due the county which are deemed to be
collectible; d. such other information as shall be necessary to enable the committee
to make a just and equitable division of the indebtedness and assets between the counties. The committee shall thereupon ascertain the amount of the indebtedness of the county
from which the annexed territory is taken that should be paid by the county to which
the territory is annexed, and how much of the taxes and claims due the county from
which the territory is taken should be paid over to the county to which the territory
is annexed, and when the payment should be made.
Frequently Asked Questions About New Jersey § 40a:7-5
What does New Jersey Statutes § 40a:7-5 cover?
Section 40a:7-5 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:7-5?
A common citation format is "New Jersey Statutes § 40a:7-5" (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:7-5 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.