N.J. Stat. § 48:3-7.2
Loans to corporations or persons owning or controlling public utility stock; approval of board required
New Jersey · New Jersey Statutes Title 48 — Public Utilities · Status: effective
Cite this
- Citation
- N.J. Stat. § 48:3-7.2, Loans to corporations or persons owning or controlling public utility stock; approval of board required, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1475845
- Permanent ID
ys:prov:1475845@1- SHA-256
4fe9e24e487fbb676bbbe784db3b1ccedebb304b0185ea9aa556233f62f56f80
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Except with the approval in writing of the board first had and obtained, no public utility shall loan any of its money or property to any other person, firm, group, association, company, trust or corporation owning, holding or controlling separately or in affiliation with others, five per cent or more of the capital stock of any such public utility or to any corporation five per cent or more of the capital stock of which is owned, held or controlled by any person, firm, group, association, trust, or corporation owning, holding or controlling separately or in affiliation, five per cent or more of the capital stock of such public utility.