New Jersey Statutes 27:25-9. Proceedings for decrease in service; contract payments as available revenue
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Terms Used In New Jersey Statutes 27:25-9
- Contract: A legal written agreement that becomes binding when signed.
- 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.
In any proceeding before the Department of Transportation for decreasing or abandoning service, any contract payments offered by the corporation for continuing service shall be considered as available revenues by the department, in making any determination on the petition.
L.1979, c. 150, s. 9, eff. July 17, 1979.