New Jersey § 48:5a-40
Full text of New Jersey New Jersey Statutes § 48:5a-40, with citation guidance and answers to common questions.
§ 48:5a-40.
a. Except as otherwise provided by subsections b. and c. of this section, no CATV company shall, without the approval of the board, sell, lease, mortgage or otherwise
dispose of or encumber its property, franchises, privileges or rights, or any part thereof;
or merge or consolidate its property, franchises, privileges or rights, or any part
thereof, with that of any other CATV company. Every sale, mortgage, lease, disposition, encumbrance, merger or consolidation made
in violation of this section shall be void. b. Nothing herein shall prevent the sale, lease or other disposition by any CATV company
of any of its property in the ordinary course of business, nor require the approval
of the board to any grant, conveyance or release or any property or interest therein
heretofore made or hereafter to be made by any CATV company to the United States,
the State or any county or municipality or any agency, authority or subdivision thereof,
for public use. The approval of the board shall not be required to validate the title of the United
States, the State or any county or municipality or any agency, authority or subdivision
thereof, to any lands or interest therein heretofore condemned or hereafter to be
condemned by the United States, the State or any county or municipality or any agency,
authority or subdivision thereof for public use. c. Nothing herein shall require the review or approval by the board of any parent
or affiliate corporation of a company that provides cable television service over
a cable television system if such parent or affiliate corporation does not itself
provide cable television service in this State and seeks to sell, lease, mortgage,
or otherwise to dispose of or to permit the encumbrance of any of its property, franchises,
privileges, or rights, or any part thereof; or to merge or consolidate its property,
franchises, privileges, or rights, or any part thereof, with that or those of another
corporation or other organization which: (1) does not directly provide cable television service in this State; and (2) does not directly or through one or more affiliates own a controlling interest
in another corporation or other organization which provides cable television service
in this State.
Frequently Asked Questions About New Jersey § 48:5a-40
What does New Jersey Statutes § 48:5a-40 cover?
Section 48:5a-40 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 § 48:5a-40?
A common citation format is "New Jersey Statutes § 48:5a-40" (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 § 48:5a-40 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.