20:4-4.2 - Unpaid balance; recovery by public agency in civil action; persons liable - New Jersey Statutes

20:4-4.2.  Unpaid balance;  recovery by public agency in civil action; persons liable
    In the event that relocation costs to be paid to a public agency pursuant to  P.L.1983, c. 536 (C. 20:4-4.1) shall not be paid as and when due, the unpaid  balance thereof and all interest accrued thereon, together with attorneys' fees  and costs, may be recovered by the public agency in a civil action as a  personal debt of the owner of the real property.  If the owner of the real  property is a corporation, the directors, officers, and each shareholder who  controls more than 5% of the total voting shares of the corporation, shall be  personally liable, jointly and severally, for the relocation costs.

     L.1984, c. 30, s. 1, eff. April 11, 1984.