New Jersey Statutes
§ 48:3-7.3 — Investment of depreciation fund in certain securities; approval of board
New Jersey § 48:3-7.3
JurisdictionNew Jersey
Title 48PUBLIC UTILITIES
This text of New Jersey § 48:3-7.3 (Investment of depreciation fund in certain securities; approval of board) 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. § 48:3-7.3 (2026).
Text
No public utility shall, without the approval in writing of the board first had and obtained, invest any part of its depreciation fund in obligations or securities of any kind, except obligations and securities that are legal investments for savings banks under the laws of this state, and except obligations and securities of the underlying or subsidiary public utility corporations of this state, of such public utility.
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Nearby Sections
15
§ 48:3-100
Applicability of act.§ 48:3-106
Further regulations.§ 48:3-108
Standard request for proposal.§ 48:3-109
BPU designated as responsible agency.§ 48:3-111
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Bluebook (online)
New Jersey § 48:3-7.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/48/48%3A3-7.3.