New Jersey § 52:27-45
Full text of New Jersey New Jersey Statutes § 52:27-45, with citation guidance and answers to common questions.
§ 52:27-45.
Any municipality in which the Municipal Finance Commission, continued by chapter twenty-seven
of Title 52 of the Revised Statutes, may be functioning and which may have heretofore
filed or shall hereafter file a petition pursuant to section 52:27-40 of the Revised
Statutes, with any United States Court or court in bankruptcy for the purpose of effecting
a plan of readjustment of its debts or for the composition of its debts, may, pursuant
to express provisions in such plan or in such plan as changed or modified, have and
exercise the powers hereinafter provided and shall thereupon be charged with the duties
hereinafter provided. The term “court” as used in this act shall mean the United States Court or court
in bankruptcy in which is or may be pending the proceeding begun by such petition
of the municipality, or, if no such proceeding is pending in said court or if said
court shall not assume to act pursuant to this act, the Superior Court.
Source: official New Jersey text · Last verified 2026-08-27
Frequently Asked Questions About New Jersey § 52:27-45
What does New Jersey Statutes § 52:27-45 cover?
Section 52:27-45 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 § 52:27-45?
A common citation format is "New Jersey Statutes § 52:27-45" (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 § 52:27-45 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.