New Jersey § 48:5A-41 Loan of money or property to owners or corporations owned by shareholders;  approval of board

New Jersey Statutes

§ 48:5A-41 — Loan of money or property to owners or corporations owned by shareholders; approval of board

New Jersey § 48:5A-41

Title 48PUBLIC UTILITIES

This text of New Jersey § 48:5A-41 (Loan of money or property to owners or corporations owned by shareholders; 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. § 48:5A-41 (2026).

Text

Except with the approval in writing of the board first had and obtained, no CATV company shall loan any of its money or property to any other person owning, holding or controlling, separately or in affiliation with others, 5% or more of the capital stock of any such CATV company, or to any corporation 5% or more of the capital stock of which is owned, held or controlled by any person owning, holding or controlling, separately or in affiliation with others, 5% or more of the capital stock of such CATV company. L.1972, c. 186, s. 41.

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Except with the approval in writing of the board first had and obtained, no CATV company shall loan any of its money or property to any other person owning, holding or controlling, separately or in affiliation with others, 5% or more of the capital stock of any such CATV company, or to any corporation 5% or more of the capital stock of which is owned, held or controlled by any person owning, holding or controlling, separately or in affiliation with others, 5% or more of the capital stock of such CATV company. L.1972, c. 186, s. 41.