40:37A-127 - Exemption from execution or other judicial process - New Jersey Statutes

40:37A-127.  Exemption from execution or other judicial process
    All property of the authority, except as otherwise provided herein, 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  the authority be a charge or lien upon its property; provided, that nothing  herein shall apply to or limit the rights of the holder of any bonds, bond  anticipation notes or other notes or obligations to pursue any remedy for the  enforcement of any pledge or lien given by the authority on its revenues or  other moneys;  and provided, further, that nothing herein shall limit the  authority's ability to enter into partnerships, limited partnerships, joint  ventures or other associations as a general partner, limited partner or  participant therein.

     L.1979, c. 275, s. 22, eff. Jan. 3, 1980.  Amended by L.1982, c. 113, s. 17, eff. Aug. 14, 1982.