New Jersey § 48:24-2

§ 48:24-2.

As used in P.L.2017, c. 297 ( C.48:24-1 et al.): “ Acquire ” means to construct or by purchase, lease, devise, gift, or other mode of acquisition. “ Board ” means the board of directors of a rural electric cooperative. “ Federal agency ” means any department, administration, commission, board, bureau, office, establishment,

agency, authority, or instrumentality of the United States of America. “ Member ” means the incorporators of a rural electric cooperative and each person thereafter

lawfully admitted to membership therein. “ Obligations ” means bonds, notes, debentures, interim certificates, or receipts, and all other

evidence of indebtedness, whether secured or unsecured, issued by a rural electric

cooperative. “ Person ” means any individual or entity but shall not include any Federal agency, state,

or any political subdivision thereof. “ Rural area ” means any area included within the boundaries of any municipality that, as of the

date of the rural electric cooperative's articles of incorporation, has a population

of 30,000 inhabitants or less and a population density less than 4,000 persons per

square mile, according to the latest federal decennial census, including both the

farm and nonfarm population thereof. “ Rural electric cooperative ” or “ cooperative ” means a nonprofit corporation entitled to the rights, benefits, and protections

established under P.L.2017, c. 297 ( C.48:24-1 et al.).