New Jersey Statutes 27:25-34. Study; insurance pool for transit vehicles; report
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Terms Used In New Jersey Statutes 27:25-34
- 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.
The corporation shall prepare a comprehensive study designed to determine the feasibility of lowering insurance costs by means of the development of a Statewide insurance pool for transit vehicles, regardless of owner, that are utilized at the county level and for inter-county transportation services. The corporation shall submit the final report to the Senate and General Assembly Transportation and Communications Committees, or their successors, within one year following the effective date of this act.
L.1983, c. 578, s. 10, eff. Jan. 17, 1984.