New Jersey § 48:12-139
Full text of New Jersey New Jersey Statutes § 48:12-139, with citation guidance and answers to common questions.
§ 48:12-139.
The purchaser or lessee and his associates or assigns not less than 3 in number, may
within 18 months after the sale or lease, organize as a railroad company under a different
corporate name from that of the former company by filing and recording in the office
of the Secretary of State a certificate that they accept the charter of the company
whose property has been sold or leased and setting forth the further particulars required
in a certificate of incorporation under this Title, so far as applicable. Such company shall have all the powers and franchises and be subject to all the
restrictions, limitations and conditions of the former company. In lieu of such acceptance of the former charter the purchaser or lessee may form
a railroad company under the laws of this State at any time after the sale or lease. The new company may take conveyance of and operate such railroad with the franchises
and powers by this chapter conferred in lieu of those granted by special charter.
Frequently Asked Questions About New Jersey § 48:12-139
What does New Jersey Statutes § 48:12-139 cover?
Section 48:12-139 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 48:12-139?
A common citation format is "New Jersey Statutes § 48:12-139" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 48:12-139 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.