N.J.S.A. 48:3-7.5 — Disposition of certain depreciation fund investments; board may order

48:3-7.5. Disposition of certain depreciation fund investments; board may order The board may after hearing upon notice order any public utility to dispose of any obligations or securities in which its depreciation fund is now, or may hereafter be, invested, except obligations and securities that are legal investments for savings banks under the laws of this state, and except obligations and securities of underlying or subsidiary public utility corporations of this state, of such public utility.

This is the verbatim text of N.J.S.A. 48:3-7.5, 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.