As an incident of its prior approval pursuant to subsection c. of section 22 of this act, of the sale, assignment, conveyance or other disposition in bulk of all property of the former registrant relating to the major hazardous waste facility, the commission may, in its discretion, require that the purchaser thereof assume in a form and substance acceptable to the commission all of the outstanding debts of the former registrant that arose from or were based upon the operation of major hazardous waste facility.
N.J. Stat. Ann. § 13:1E-72
Assumption of outstanding debts of former registrant by purchaser
Known as the Comprehensive Regulated Medical Waste Management Act
The act spans §§ 13–13 (1,616 sections).
L.1981, c. 279, s. 24, 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.