Environmental Property Transfer Requirements

Topics:
Regulatory issues
Tags:
Hardware,
ISRA,
Jones Day Reavis & Pogue,
New Jersey,
Property,
Storage,
Transportation
Source:
Jones, Day, Reavis & Pogue

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Overview: ISRA ensures that businesses apportion potential environmental concerns by imposing preconditions on business transactions involving the transfer of industrial properties engaged in the generation, manufacture, refining, transportation, treatment, storage, handling, or disposal of hazardous substances or waste. The purpose of this paper is to help the reader become cognizant of the issues that might arise when selling or purchasing industrial property in New Jersey. This commentary provides an overview of the industrial property transfer laws in New Jersey affecting commercial transactions. A state-by-state summary of transactions regulated by environmental laws is provided in the attached chart. As the chart makes clear, many states have transfer requirements that only apply to specific situations, i.e., hazardous waste disposal. Read paper for complete apprehension.

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Format: PDF | Size: 140KB | Date: Nov 2002 | Pages: 22

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