New Jersey § 5:12-130
Full text of New Jersey New Jersey Statutes § 5:12-130, with citation guidance and answers to common questions.
§ 5:12-130.
a. The commission shall direct the discontinuation of any conservatorship action instituted
pursuant to section 31 of this amendatory and supplementary act 1 when the conservator has, pursuant to section 32 of this amendatory and supplementary
act 2 and with the prior approval of the commission, consummated the sale, assignment,
conveyance or other disposition in bulk of all the property of the former licensee
relating to the casino and the approved hotel. b. The commission may direct the discontinuation of any such conservatorship action
when it determines that for any reason the cause for which the action was instituted
no longer exists. c. Upon the discontinuation of the conservatorship action and with the approval of
the commission, the conservator shall take such steps as may be necessary in order
to effect an orderly transfer of the property of the former or suspended licensee. d. The sale, assignment, transfer, pledge or other disposition of the securities issued
by a former or suspended licensee during the pendency of a conservatorship action
instituted pursuant to this article shall neither divest, have the effect of divesting,
nor otherwise affect the powers conferred upon a conservator by this amendatory and
supplementary act. 1
N.J.S.A. § 5:12-130.1. 2
N.J.S.A. § 5:12-130.2.
Frequently Asked Questions About New Jersey § 5:12-130
What does New Jersey Statutes § 5:12-130 cover?
Section 5:12-130 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 § 5:12-130?
A common citation format is "New Jersey Statutes § 5:12-130" (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 § 5:12-130 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.