New Jersey § 52:27i-22
Full text of New Jersey New Jersey Statutes § 52:27i-22, with citation guidance and answers to common questions.
§ 52:27i-22.
Effective and automatically upon the first meeting of the authority: a. The authority shall assume all of the powers, rights, assets, and duties of the
predecessor authority to the extent provided by this act, 1 and such powers shall then and thereafter be vested in and shall be exercised by
the authority. b. The terms of office of the members of the predecessor authority shall terminate,
the officers having custody of the funds of the predecessor authority shall deliver
those funds into the custody of the person having charge of the financial affairs
of the authority, the property and assets of the predecessor authority shall, without
further act or deed, become the property and assets of the authority, and the predecessor
authority shall cease to exist. c. All debts, liabilities, obligations and contracts of the predecessor authority,
except to the extent specifically provided or established to the contrary in this
act, are imposed upon the authority, and all creditors of the predecessor authority
and persons having claims against or contracts with the predecessor authority of any
kind or character may enforce those debts, claims and contracts against the authority
as successor to the predecessor authority in the same manner as they might have had
against the predecessor authority, and the rights and remedies of those holders, creditors
and persons having claims against or contracts with the predecessor authority shall
not be limited or restricted in any manner by this act. d. In continuing the functions, contracts, obligations and duties of the predecessor
authority, the authority is authorized to act in its own name or in the name of the
predecessor authority as may be convenient or advisable under the circumstances from
time to time. e. Any references to the predecessor authority in any other law or regulation shall
be deemed to refer and apply to the authority. f. All operations of the predecessor authority shall continue as operations of the
authority until altered by the authority as may be permitted pursuant to this act. g. The powers vested in the authority by this act shall be construed as being in addition
to and not in diminution of the powers heretofore vested by law in the predecessor
authority to the extent not otherwise altered or provided for in this act. 1
L.2010, c. 51, the Fort Monmouth Economic Revitalization Authority Act (N.J.S.A. §§
52:27I-18 through 52:27I-41).
Frequently Asked Questions About New Jersey § 52:27i-22
What does New Jersey Statutes § 52:27i-22 cover?
Section 52:27i-22 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 § 52:27i-22?
A common citation format is "New Jersey Statutes § 52:27i-22" (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 § 52:27i-22 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.