New Jersey Statutes 52:27BBB-10. Particular powers of chief operating officer
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Terms Used In New Jersey Statutes 52:27BBB-10
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
10. The chief operating officer may:
a. Sue in the municipality’s corporate name and submit disputes and controversies to arbitration and determination in the manner provided by law;
b. Retain municipal corporation counsel and such other special counsel as the chief operating officer may deem necessary to carry out the functions, powers and duties set forth in P.L.2002, c.43 (C. 52:27BBB-1 et al.); and
c. Request the State Treasurer to provide no interest loans to the municipality for cash flow purposes.
L.2002,c.43,s.10.