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New Jersey Statutes, Title: 48, PUBLIC UTILITIES

    Chapter 9: Exclusive franchises; general laws applicable

      Section: 48:9-25.9: Rights of corporation to which sale, transfer, conveyance and assignment has been made

           The corporation to whom such sale, transfer, conveyance and assignment has been made, shall, thereupon, have and possess all the rights, powers, and privileges to and in such franchises, consents, permits, rights, authorizations, designations or similar privileges, as the transferring corporation had and may exercise all rights, powers and privileges to and in such franchises, consents, permits, rights, authorizations, designations or similar privileges, to the same extent as if the transferring corporation were exercising the same.

L.1952, c. 34, p. 124, s. 2, eff. April 16, 1952.



This section added to the Rutgers Database: 2012-09-26 13:37:55.






Older versions of 48:9-25.9 (if available):



Court decisions that cite this statute: CLICK HERE.