The surety on the bond shall have the right to cancel such bond automatically upon removal of the barge.
N.J. Stat. Ann. § 12:7C-6
Cancellation of bond upon removal of barge
Known as the Abandoned or Sunken Vessels Disposition Law
The act spans §§ 12:7C-1 to 12:7C-9.1 (21 sections).
L.1971, c. 281, s. 2, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.