N.J.S.A. 48:15-4 — Improper incorporation of certain companies not ground for questioning right to operate

48:15-4. Improper incorporation of certain companies not ground for questioning right to operate 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.

This is the verbatim text of N.J.S.A. 48:15-4, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.