13:1E-72 - Assumption of outstanding debts of former registrant by purchaser - New Jersey Statutes

13:1E-72.  Assumption of outstanding debts of former registrant by purchaser
    As an incident of its prior approval pursuant to subsection c. of section 22  of this act, of the sale, assignment, conveyance or other disposition in bulk  of all property of the former registrant relating to the major hazardous waste  facility, the commission may, in its discretion, require that the purchaser  thereof assume in a form and substance acceptable to the commission all of the  outstanding debts of the former registrant that arose from or were based upon  the operation of major hazardous waste facility.

     L.1981, c. 279, s. 24, eff. Sept. 10, 1981.