4:5-93.26 - Failure of owner to comply with regulations or agreement - New Jersey Statutes

4:5-93.26.  Failure of owner to comply with regulations or agreement
    Whenever the director of the division is satisfied that any owner has failed  to comply with any of the provisions of any agreement, rule or regulation made  by the board under the provisions of this act, the owner shall be so notified  in writing by the director of the division, and the board, after a hearing, if  so desired, may, in its discretion, forfeit the owner's rights or interest  acquired, if any, under the provisions of this act.  When such rights or  interests are so forfeited, they shall not be restored except under regulations  of the board as shall be provided for that purpose.

     L.1946, c. 257, p. 895, s. 6.  Amended by L.1950, c. 9, p. 31, s. 3.