New Jersey § 5:5-195
Full text of New Jersey New Jersey Statutes § 5:5-195, with citation guidance and answers to common questions.
§ 5:5-195.
The authority may transfer the operation and control of a fixed odds wagering operation
to an individual racetrack permit holder if both the authority and racetrack permit
holder mutually agree to such transfer. The division and the Attorney General shall approve the transfer following the written
agreement of the authority and racetrack permit holder. The division and the Attorney General shall review the agreement and determine if
the racetrack permit holder has the appropriate apparatus to operate as a licensee
of a fixed odds wagering system. If the transfer is not approved by the division and the Attorney General, the authority
shall remain the fixed odds wagering licensee. Any agreement between the authority and a racetrack permit holder that does not
receive approval from the division and Attorney General for a transfer may not be
re-submitted for review until one year following the prior determination by the division
and the Attorney General.
Frequently Asked Questions About New Jersey § 5:5-195
What does New Jersey Statutes § 5:5-195 cover?
Section 5:5-195 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 § 5:5-195?
A common citation format is "New Jersey Statutes § 5:5-195" (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 § 5:5-195 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.