New Jersey § 46:8c-17
Full text of New Jersey New Jersey Statutes § 46:8c-17, with citation guidance and answers to common questions.
§ 46:8c-17.
a. The articles of incorporation of a homeowners' association or the bylaws of any
unincorporated homeowners' association formed under this act shall provide: (1) that the association has the power to negotiate for, acquire, and operate the private residential leasehold community on behalf of the homeowners ; and (2) that the association has the power to convert the private residential leasehold community , once acquired by the homeowners, to a condominium, a cooperative, or other type
of ownership. b. Upon acquisition of the property, the association shall be the entity that creates
a condominium, or offers condominium parcels for sale or lease in the ordinary course
of business, or, if the homeowners choose a different form of ownership, the entity
that owns the record interest in the property and is responsible for the operation
of property; provided, however, that if the association converts the private residential leasehold community to a cooperative, an election shall be held within 30 days following the establishment
of the cooperative to elect a board of directors of the cooperative.
Frequently Asked Questions About New Jersey § 46:8c-17
What does New Jersey Statutes § 46:8c-17 cover?
Section 46:8c-17 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 § 46:8c-17?
A common citation format is "New Jersey Statutes § 46:8c-17" (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 § 46:8c-17 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.