N.J.S.A. 48:5A-37 — Abandonment of property or discontinuance or temporary suspension of service; approval of board

48:5A-37. Abandonment of property or discontinuance or temporary suspension of service; approval of board No CATV company shall abandon all or any part of its system or other property necessary or useful in the performance of its duties to the public, or discontinue or temporarily suspend all or any part of the service which it is rendering to the public by the use of same, without first obtaining the approval of the board. In granting such approval, the board may impose such terms, conditions or requirements as in its judgment are necessary to protect the public interest. L.1972, c. 186, s. 37. 48:5A-38 Combinations, mergers, consolidations, acquisition of control, certain circumstances; approval of board. 38. a. Except as otherwise provided by subsection b. of this section, no CATV company shall combine, merge, or consolidate with, or acquire control of, another organization without first obtaining the approval of the board, which shall be granted only after an investigation and finding that such proposed combination, merger, consolidation, or acquisition is in the public interest. b. Nothing herein shall require the review or approval by the board of any parent or affiliate corporation of a company that provides cable television service over a cable television system if such parent or affiliate corporation does not itself provide cable television service in this State and seeks to combine, merge, or consolidate with, or to acquire control of, another corporation or other organization that: (1) does not directly provide cable television service in this State; and (2) does not directly or through one or more affiliates, own a controlling interest in another corporation or other organization that provides cable television service in this State. L.1972, c.186, s.38; amended 2008, c.87, s.5.

This is the verbatim text of N.J.S.A. 48:5A-37, 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.