N.J. Stat. § 17B:35-2: Licenses in force prior to effective date of act; continuance; expiration; renewal

Every license in force immediately prior to the effective date of this act and existing under any law herein repealed shall be valid until midnight of the day such license would have expired under such law, unless earlier suspended, revoked, or terminated in accordance with this act. Such license upon first renewal under this act shall be replaced by a license in form consistent with this act, and shall thereafter be subject to continuation, suspension, revocation, or termination as though originally issued under this act.

L.1971, c. 144, s. 17B:35-2.