Drew Associates of Nj, Lp, a New Jersey Limited Partnership, Plaintiff-Respondent and Cross-Appellant v. Raniero…

Summary

The Supreme Court of New Jersey upheld the constitutionality of the Cooperative Recording Act's recording requirements, the realty transfer tax on post‑Act cooperatives, and rejected claims of double taxation and unlawful restraint on alienation, applying rational‑basis review to each challenge.