New Jersey Statutes
§ 48:24-19 — Security of borrowed money.
New Jersey § 48:24-19
JurisdictionNew Jersey
Title 48PUBLIC UTILITIES
This text of New Jersey § 48:24-19 (Security of borrowed money.) 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. § 48:24-19 (2026).
Text
19.Whenever any rural electric cooperative subject to P.L.2017, c.297 (C.48:24-1 et al.) has borrowed money from any federal agency, the obligations issued to secure the payment of the money shall be exempt from the provisions of the "Uniform Securities Law (1967)," P.L.1967, c.93 (C.49:3-47 et seq.) nor shall the provisions of P.L.1967, c.93 (C.49:3-47 et seq.) apply to the issuance of membership certificates by that cooperative. L.2017, c.297, s.19.
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 48:24-1
Short title.§ 48:24-10
Liability for, payment of debts.§ 48:24-11
Certificate of membership.§ 48:24-12
Board of directors.§ 48:24-13
Meetings.§ 48:24-14
Quorum.§ 48:24-15
Voting.§ 48:24-16
Operating expenses; revenues.§ 48:24-17
Merger, consolidation, division.§ 48:24-18
Dissolution.§ 48:24-19
Security of borrowed money.§ 48:24-4
Articles of incorporation.§ 48:24-6
Liberal construction.Cite This Page — Counsel Stack
Bluebook (online)
New Jersey § 48:24-19, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/48/48%3A24-19.