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Legal Research Home > New Jersey Lawyer > Corporations and Associations Not For Profit > New Jersey Corporations And Associations Not For Profit Laws Section 15:8-7. Disposition of accumulated fire department fund on expiration of charter.

When the volunteer fire department in any city has accumulated or shall accumulate a fire department fund for the benefit of said departments, such funds, on the expiration of the charters of said departments by limitation of law or otherwise, if the department maintains an existence as an exempt fire association, shall revert to and become the property of said exempt association as aforesaid.

Last modified: October 21, 2006

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New Jersey Corporations And Associations Not For Profit Laws Section 15:8-7. Disposition of accumulated fire department fund on expiration of charter.