N.J. Stat. § 48:15-4
Improper incorporation of certain companies not ground for questioning right to operate
New Jersey · New Jersey Statutes Title 48 — Public Utilities · Status: effective
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- Citation
- N.J. Stat. § 48:15-4, Improper incorporation of certain companies not ground for questioning right to operate, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1476572
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Full text
The right of any company formed under any law of this state which on July fourth, one thousand nine hundred and twenty-seven, owned or operated a street railway upon the streets of this state to continue to own or operate such street railway or extensions thereof shall not be questioned or denied solely upon the ground that the company was improperly incorporated or organized or for any reason did not, by its incorporation, acquire the power to own and operate street railways.