New Jersey § 48:3-7.2 Loans to corporations or persons owning or controlling public utility stock;  approval of board required

New Jersey Statutes

§ 48:3-7.2 — Loans to corporations or persons owning or controlling public utility stock; approval of board required

New Jersey § 48:3-7.2

Title 48PUBLIC UTILITIES

This text of New Jersey § 48:3-7.2 (Loans to corporations or persons owning or controlling public utility stock; approval of board required) 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. § 48:3-7.2 (2026).

Text

Except with the approval in writing of the board first had and obtained, no public utility shall loan any of its money or property to any other person, firm, group, association, company, trust or corporation owning, holding or controlling separately or in affiliation with others, five per cent or more of the capital stock of any such public utility or to any corporation five per cent or more of the capital stock of which is owned, held or controlled by any person, firm, group, association, trust, or corporation owning, holding or controlling separately or in affiliation, five per cent or more of the capital stock of such public utility.

Free access — add to your briefcase to read the full text and ask questions with AI

Except with the approval in writing of the board first had and obtained, no public utility shall loan any of its money or property to any other person, firm, group, association, company, trust or corporation owning, holding or controlling separately or in affiliation with others, five per cent or more of the capital stock of any such public utility or to any corporation five per cent or more of the capital stock of which is owned, held or controlled by any person, firm, group, association, trust, or corporation owning, holding or controlling separately or in affiliation, five per cent or more of the capital stock of such public utility.