New Jersey Administrative Code
Title 3 - BANKING
Chapter 42 - PINELANDS DEVELOPMENT CREDIT BANK
Subchapter 7 - SALE, TRANSFER, EXCHANGE, CONVEYANCE OR RETIREMENT OF PINELANDS DEVELOPMENT CREDITS OWNED BY THE BANK
Part 2 - CONVEYANCE OF BOARD OWNED PINELANDS DEVELOPMENT CREDITS AT NO COST
Section 3:42-7.15 - Voiding conveyances
Universal Citation: NJ Admin Code 3:42-7.15
Current through Register Vol. 56, No. 18, September 16, 2024
(a) No Pinelands Development Credits conveyed pursuant to this part shall be:
1. Conveyed, sold or transferred to a person
other than that who received the Board's approval;
2. Redeemed for use in a project other than
that which received the Board's approval; and/or
3. Redeemed after one year following the
Board's authorization.
(b) The Executive Director shall void any such conveyance of Pinelands Development Credits which is in violation of (a) above.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
