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New Jersey Statutes, Title: 48, PUBLIC UTILITIES

    Chapter 12: Application of chapter

      Section: 48:12-148: Lease of railroad by trustee or receiver; conditions

           No lease of a railroad shall be made by a trustee or receiver appointed by the Superior Court except upon a rental and adequate security for the payment of the same, both to be first approved by the Superior Court and a majority of the stockholders of the railroad in interest, upon such public notice to the parties in interest as the Superior Court shall direct.

Amended by L.1962, c. 198, s. 155.



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






Older versions of 48:12-148 (if available):



Court decisions that cite this statute: CLICK HERE.