Section 52:27BBB-34 - Municipality to remain body corporate and politic; electionsa. Notwithstanding that a municipality has been placed under rehabilitation and economic recovery under P.L. 2002, c. 43(C.52:27BBB-1 et al.), the municipality shall remain a body corporate and politic in the same manner as existed prior to rehabilitation and economic recovery.b. Nothing in P.L. 2002, c. 43(C.52:27BBB-1 et al.) shall be construed to interrupt the holding of regular elections of the governing body, mayor or other chief executive officer.