New Jersey § 45:24-5
Full text of New Jersey New Jersey Statutes § 45:24-5, with citation guidance and answers to common questions.
§ 45:24-5.
Before a license shall issue, the applicant shall execute and deliver to the licensing
official of the municipality, a good and sufficient bond with good and sufficient
surety, to be approved by the licensing official, equal in amount to twenty-five per
cent of the value of the personal property shown in the declarations and disclosures
required under the provisions of this article, but in no event shall the bond be less
than one thousand dollars. It shall remain in force for one year, and be conditioned to indemnify and pay the
municipality any penalties or costs incurred in the enforcement of any of the provisions
of this article, and to indemnify or reimburse any purchaser of such personal property
in a sum equal to at least the amount of any payment such purchaser may have been
induced to make through the misrepresentation as to the kind, quality or value of
the personal property, whether the misrepresentations were made by the owners or their
servants, agents or employees, either at the time of making the sale or through any
advertisement printed or circulated with reference to such personal property or any
part thereof.
Frequently Asked Questions About New Jersey § 45:24-5
What does New Jersey Statutes § 45:24-5 cover?
Section 45:24-5 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 § 45:24-5?
A common citation format is "New Jersey Statutes § 45:24-5" (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 § 45:24-5 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.