New Jersey § 56:8-77
Full text of New Jersey New Jersey Statutes § 56:8-77, with citation guidance and answers to common questions.
§ 56:8-77.
To assure compliance with the requirements of this act, a dealer shall provide a bond
in favor of the State of New Jersey in the amount of $10,000, executed by a surety
company authorized to transact business in the State of New Jersey by the Department
of Insurance and to be conditioned on the faithful performance of the provisions of
this act. This bond shall be for the term of 12 months and shall be renewed at each expiration
for a similar period. The Director of the Division of Motor Vehicles shall not issue a dealer's license
and shall not renew a license of any dealer who has not furnished proof of the existence
of the bond required by this act.
Frequently Asked Questions About New Jersey § 56:8-77
What does New Jersey Statutes § 56:8-77 cover?
Section 56:8-77 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 § 56:8-77?
A common citation format is "New Jersey Statutes § 56:8-77" (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 § 56:8-77 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.