Legal Question in Real Estate Law in New Jersey

If by "license fee" you mean the state mandated annual report fee, failure to pay the required fee will, eventually, result in the administrative dissolution of the corporation (i.e., its dissolution be the state). Such dissolution may disqualify the corporation from entering into such transactions. So, as a knee-jerk, I would say that such a transfer is problematic at best, and probably should be avoided. Also, you must consider whether there are any restrictions on the transfer of the timeshare itself. The question requires further analysis. Please feel free to contact me to explore your options and protect your legal rights. 973-921-0600.

Kindly note and remember that my response is merely a general comment on the law related to your question, and NOT legal advice or opinion. Also, your question and my response does NOT create an attorney-client relationship between us. You cannot rely upon what I have written, because I do not have all of the information that I need to advise you or render an opinion. Even simple facts you have not shared can completely change my answer. For me to give you legal advice or opinion, you would need to hire me to be your lawyer, and then we would need to discuss this in detail and go over the documents.

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