48:3-7.5 - Disposition of certain depreciation fund investments; board may order - New Jersey Statutes

48:3-7.5.  Disposition of certain depreciation fund investments;  board may  order
    The board may after hearing upon notice order any public utility to dispose  of any obligations or securities in which its depreciation fund is now, or may  hereafter be, invested, except obligations and securities that are legal  investments for savings banks under the laws of this state, and except  obligations and securities of underlying or subsidiary public utility corporations of this state, of such public utility.