New Jersey § 48:5-8
Full text of New Jersey New Jersey Statutes § 48:5-8, with citation guidance and answers to common questions.
§ 48:5-8.
If the charter of any company organized under this article shall hereafter become
or shall have heretofore become inoperative or void by proclamation of the governor
or by operation of law, for nonpayment of taxes, the governor, by and with the advice
of the attorney general, may, upon payment by such company to the secretary of state
of such sum in lieu of taxes and penalties as to them may seem reasonable, but in
no case to be less than the fees required as upon the filing of the original certificate
of incorporation, permit such company to be reinstated and entitled to all its franchises
and privileges. Upon such payment as aforesaid the secretary of state shall issue his certificate
entitling such company to continue its said business and its said franchises. Nothing in this section contained shall relieve any such company from the penalty
of forfeiture of its franchises in case of failure to pay such future taxes imposed
under any law of this state.
Frequently Asked Questions About New Jersey § 48:5-8
What does New Jersey Statutes § 48:5-8 cover?
Section 48:5-8 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 § 48:5-8?
A common citation format is "New Jersey Statutes § 48:5-8" (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 § 48:5-8 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.