N.J. Admin. Code § 7:2-13.6

Current through Register Vol. 56, No. 21, November 4, 2024

Section 7:2-13.6 - Multiple ownership of a vessel

(a) A berth permit shall be issued in the names of multiple owners only if the vessel is owned by the multiple owners and they are named on the original berth application.

(b) In the event that subsequent to berth assignment, a multiple ownership is formed or a person not identified on the original berth application acquires an ownership interest in the vessel identified in a berth permit, the new owner shall have no rights to the berth which is the subject of the permit. Rights to the subject berth must be acquired through the regular application procedure.