48:2-29.1 - Prohibit payment of dividends except from surplus or net profits - New Jersey Statutes

48:2-29.1.  Prohibit payment of dividends except from surplus or net profits
    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.