New Jersey § 48:3-7.5 Disposition of certain depreciation fund investments;  board may  order

New Jersey Statutes

§ 48:3-7.5 — Disposition of certain depreciation fund investments; board may order

New Jersey § 48:3-7.5

Title 48PUBLIC UTILITIES

This text of New Jersey § 48:3-7.5 (Disposition of certain depreciation fund investments; board may order) 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. § 48:3-7.5 (2026).

Text

The board may after hearing upon notice order any public utility to dispose of any obligations or securities in which its depreciation fund is now, or may hereafter be, invested, except obligations and securities that are legal investments for savings banks under the laws of this state, and except obligations and securities of underlying or subsidiary public utility corporations of this state, of such public utility.

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The board may after hearing upon notice order any public utility to dispose of any obligations or securities in which its depreciation fund is now, or may hereafter be, invested, except obligations and securities that are legal investments for savings banks under the laws of this state, and except obligations and securities of underlying or subsidiary public utility corporations of this state, of such public utility.