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New Jersey Statutes, Title: 48, PUBLIC UTILITIES

    Chapter 3: Unjust or unreasonable discriminations or classifications of rates; "board" defined

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

           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.



This section added to the Rutgers Database: 2012-09-26 13:37:54.






Older versions of 48:3-7.5 (if available):



Court decisions that cite this statute: CLICK HERE.