Generally it falls under:
"2C:39-3 Prohibited weapons and devices
f.Posted ImageDum-dum or body armor penetrating bullets.
2C:39-4.1. Weapons; controlled dangerous substances and other offenses, penalties.
Posted Imageb.Posted ImageAny person who has in his possession any weapon, except a firearm, with a purpose to use such weapon unlawfully against the person or property of another, while in the course of committing, attempting to commit, or conspiring to commit a violation of N.J.S.2C:35-3, N.J.S.2C:35-4, N.J.S.2C:35-5, section 3 or 5 of P.L.1997, c.194 (C.2C:35-5.2 or 2C:35-5.3), N.J.S.2C:35-6, section 1 of P.L.1987, c.101 (C.2C:35-7), section 1 of P.L.1997,c.327 (C.2C:35-7.1), N.J.S.2C:35-11 or N.J.S.2C:16-1 is guilty of a crime of the second degree.
Posted Imagec.Posted ImageAny person who has in his possession any weapon, except a firearm, under circumstances not manifestly appropriate for such lawful uses as the weapon may have, while in the course of committing, attempting to commit, or conspiring to commit a violation of N.J.S.2C:35-3, N.J.S.2C:35-4, N.J.S.2C:35-5, section 3 or section 5 of P.L. 1997, c.194 (C.2C:35-5.2 or 2C:35-5.3), N.J.S.2C:35-6, section 1 of P.L.1987, c.101 (C.2C:35-7), section 1 of P.L.1997,c.327(C.2C:35-7.1), N.J.S.2C:35-11 or N.J.S.2C:16-1 is guilty of a crime of the second degree."
A second degree crime in NJ can get you 5-10 in the can and a $150k fine.
Depending on the prosector, but sometimes they'll charge a 4th degree possession of hollowpoints which can result in up to 18 months incarceration and a 10k fine.
Here's a discussion about a guy who had some HPs while in possession of cocaine:
http://njgunforums.com/forum/index....-for-possession-of-hollow-points-in-his-home/