| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 48, PUBLIC UTILITIES
Chapter 12: Application of chapter
Section: 48:12-146: Operation of insolvent railroad by receiver; expenses
When a railroad company in this State shall become insolvent and its property shall have passed into the hands of a receiver by order of the Superior Court, the receiver shall operate the railroad for the use of the public, subject at all times to the order of the Superior Court. All expenses incident to the operation of the railroad shall be a first lien on the receipts, to be paid before any other encumbrances whatever.
Amended by L.1962, c. 198, s. 153.
This section added to the Rutgers Database: 2012-09-26 13:37:55.
Older versions of 48:12-146 (if available):
Court decisions that cite this statute:
CLICK HERE.