55:17-6 - Modifying or supplementing mortgage loan; written consent of holder - New Jersey Statutes

55:17-6.  Modifying or supplementing mortgage loan;  written consent of holder
    So long as any mortgage loan remains unsatisfied in respect to any project,  no agreement shall be made between the governmental body or agency on any lease  or financial agreement and the other party thereto, either to modify or  supplement any provision thereof, or to exercise any option or right  thereunder, including any option to surrender a tax arrangement, without the  prior written consent of the holder of the mortgage loan.

     L.1967, c. 304, s. 6, eff. Feb. 15, 1968.