40:37A-82 - Exemption of property of authority from levy and sale - New Jersey Statutes

40:37A-82.  Exemption of property of authority from levy and sale
    All property of an 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 an 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, mortgage or lien given by an authority on its facility revenues or  other moneys, or on its real or personal property.

     L.1960, c. 183, p. 756, s. 39, eff. Jan. 18, 1961.  Amended by L.1977, c. 291, s. 4, eff. Dec. 12, 1977.