New Jersey Statutes 48:24-5. Use of “Rural Electric Cooperative” designation restricted
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Terms Used In New Jersey Statutes 48:24-5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
5. The words “Rural Electric Cooperative” shall not be used in the corporate name of any corporation organized for profit or not-for-profit in this State other than a cooperative existing under P.L.2017, c.297 (C. 48:24-1 et al.).
L.2017, c.297, s.5.