40:14B-59 - Exemption from levy - New Jersey Statutes

40:14B-59.  Exemption from levy
    All property of a municipal authority shall be exempt from levy and sale by  virtue of an execution and no execution or other judicial process shall issue  against the same nor shall any judgment against a municipal authority be a  charge or lien upon its property;  provided, that nothing herein contained  shall apply to or limit the rights of the holder of any bonds to pursue any  remedy for the enforcement of any pledge or lien given by a municipal authority  on its system, revenues or other moneys.

     L.1957, c. 183, p. 674, s. 59, eff. Aug. 22, 1957.