Authority property, exempt from levy, sale.

N.J.S.A. 40A:67-16, under Chapter 67.

N.J.S.A. 40A:67-16

40A:67-16 Authority property, exempt from levy, sale.

16. All property of an authority shall be exempt from levy and sale by virtue of an execution of a court of competent jurisdiction and no execution or other judicial process shall issue against an authority nor shall any judgment against an authority be a charge or lien upon its property, provided that nothing in this section shall apply to or limit the rights of the holder of any bonds to pursue a remedy for the enforcement of any pledge or lien given by an authority, revenues, or other monies. L.2023, c.346, s.16.