46:8D-18. Adherence to definition of 'cooperative' a. The Department of Community Affairs shall not accept for registration as a cooperative under 'The Planned Real Estate Development Full Disclosure Act,' P.L. 1977, c. 419 (C. 45:22A-21 et seq.), any offering plan which would not result in the creation of a 'cooperative' as defined in subsection f. of section 3 of this act. b. No tenant may be removed from a rental premises pursuant to the provisions of section 1 of P.L. 1974, c. 49 (C. 2A:18-61.1) on the grounds that the landlord or owner is converting the property into a cooperative unless the proposed conversion would result in the creation of a 'cooperative' as defined in subsection f. of section 3 of this act. 1987, c. 381, s.19.
New Jersey Legal Code