A motor vehicle subject to the registration restrictions set forth in sections 2 and
3 of P.L.1995, c. 286 (C.39:3-40.1 and C.39:3-40.2) may not be sold or its ownership transferred; and the Division of Motor Vehicles
shall not issue a certificate of registration for that vehicle; during the period
in which those restrictions remain in effect unless that motor vehicle is sold or
transferred for a fair market value.
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