New Jersey Statutes 48:3-7.4. Depreciation fund investments kept in state
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Terms Used In New Jersey Statutes 48:3-7.4
- 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
Every public utility shall at all times keep within this state all obligations and securities in which its depreciation fund is invested and reinvested.