48:9-18. Companies may mortgage property and franchises
29 words·~1 min read·
/nj/title-48/chapter-9/48-9-18A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any company organized under this chapter may mortgage any or all of its property, real or personal, including franchises, when necessary to enable it to carry on its operations.