N.J.S.A 2A:42-120 Receipt of notice, determination of ownership.

2A:42-120 Receipt of notice, determination of ownership.

7. Upon receipt of notice given by a plaintiff in a receivership proceeding pursuant to section 6 of Phamplet Law 2003, Chapter 295 (C. 2A:42-119), the agency shall forthwith determine whether the building is owned by a limited partnership established pursuant to an allocation of low income housing tax credits by the agency or any other project over which the agency has regulatory control, and, if the building is owned by such a limited partnership, shall, within 30 days of receiving notice, provide a copy of that notice to the limited partner or partners of the limited partnership by registered mail or certified mail, return receipt requested.

A limited partner in a limited partnership established pursuant to an allocation of low income housing tax credits by the agency shall have the same rights and remedies under provisions of Phamplet Law 2003, Chapter 295 (C. 2A:42-114 et al.) as a lienholder.

L.2003,C. 295,S.7.

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