New Jersey Statutes 5:5-42. Return of deposit when horse race meeting not held; conditions
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 5:5-42
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
If for any reason or cause beyond the control of and through no fault or neglect of any holder of a permit and while such holder of a permit is not in default in the payment of any fee or other obligation required to be paid to the commission under the provisions of this act it should become impossible or impracticable in the opinion of the commission to conduct the horse race meeting for which such permit was issued, the commission at the request of such permit holder and upon proper showing shall return to such permit holder the sum of ten thousand dollars ($10,000.00) deposited by such permit holder in conformity with this act at the time of filing his application for a permit.
L.1940, c. 17, p. 77, s. 22.