New Jersey Statutes
§ 48:2-29.1 — Prohibit payment of dividends except from surplus or net profits
New Jersey § 48:2-29.1
JurisdictionNew Jersey
Title 48PUBLIC UTILITIES
This text of New Jersey § 48:2-29.1 (Prohibit payment of dividends except from surplus or net profits) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 48:2-29.1 (2026).
Text
The board may, after hearing upon notice, by order in writing, prohibit any public utility from paying dividends except from surplus or net profits as permitted by the law of this state and require any public utility to comply with the law of this state with respect to the payment of dividends.
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Nearby Sections
15
§ 48:2-1.2
Repeal§ 48:2-1.3
Short title§ 48:2-1.4
Effective date§ 48:2-11
Annual report§ 48:2-12
Rules§ 48:2-16.1
Examination and audit of accountsCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 48:2-29.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/48/48%3A2-29.1.