New Jersey § 48:5a-42
Full text of New Jersey New Jersey Statutes § 48:5a-42, with citation guidance and answers to common questions.
§ 48:5a-42.
Except as otherwise provided by subsection c. of this section, no CATV company shall, unless it shall have first obtained authority from the board
to do so: a. Issue any stocks, bonds, notes or other evidence of indebtedness payable more than
12 months after the date or dates thereof, or extend or renew any bond, note or other
evidence of indebtedness so that any extension or renewal thereof shall be payable
later than 12 months after the date of the original instrument; or b. Permit any demand note to remain unpaid for a period of more than 12 months after
the date thereof. The board shall approve any such proposed issue, with or without hearing at its discretion,
when satisfied that such issue is to be made in accordance with law and the purpose
thereof is approved by the board. 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 seeks to issue any
stocks, bonds, notes, or other evidence of indebtedness payable more than 12 months
after the date or dates thereof, or to extend or renew any bond, note, or other evidence
of indebtedness so that any extension or renewal thereof shall be payable later than
12 months after the date of the original instrument, or to permit any demand note
to remain unpaid for a period of more than 12 months after the date thereof, if the
company which seeks to engage in any of the aforementioned transactions does not itself
provide cable television service over a cable television system but does directly
or through one or more affiliates own a controlling interest in such a cable television
system or does otherwise control or exercise responsibility for, through any arrangement,
the management and operation of such a cable television system.
Frequently Asked Questions About New Jersey § 48:5a-42
What does New Jersey Statutes § 48:5a-42 cover?
Section 48:5a-42 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-42?
A common citation format is "New Jersey Statutes § 48:5a-42" (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-42 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.