New Jersey Statutes 48:2-29.1. Prohibit payment of dividends except from surplus or net profits
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Terms Used In New Jersey Statutes 48:2-29.1
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
The board may, after hearing upon notice, by order in writing, prohibit any public utility from paying dividends except from surplus or net profits as permitted by the law of this state and require any public utility to comply with the law of this state with respect to the payment of dividends.