Upon application to the Superior Court by a citizen and taxpayer thereof, alleging that the condition of the bond of any officer, member of committee or employee of the local unit has been broken, the court shall make such investigation regarding the truth of the allegations as it shall deem proper, and in its discretion may order an action to be brought upon the bond in the name of the local unit, or otherwise, for the benefit of the local unit or any officer, board or department thereof.
N.J. Stat. Ann. § 40A:5-37
Condition of bond broken
Known as the Local Fiscal Affairs Law
The act spans §§ 40A:5-1 to 40A:5-9 (70 sections).
L.1960, c.169, s.1; amended 1991,c.91,s.392.
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.