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  12. Subchapter 3 - Sale, Lease, or Consolidation


Subchapter 3 - Sale, Lease, or Consolidation


  • § 23-11-301. Authority of railroad to sell or lease road or property
  • § 23-11-302. Authority to sell or lease road or property to connecting foreign railroad -- Authority to acquire other railroads -- Ratification
  • § 23-11-303. Construction, purchase, or lease of railroad in adjoining state authorized
  • § 23-11-304. Formation of connecting lines -- Aid to construction of other railroad authorized
  • § 23-11-305. Consolidation when lines connect at state boundary line
  • § 23-11-306. Consolidation of two or more railroad companies to effect continuous line
  • § 23-11-307. Consolidation with foreign corporation
  • § 23-11-308. Bonds issued by leasing, purchasing, or consolidating corporation -- Security for bonds
  • § 23-11-309. Stockholders' consent required for purchase of stock, lease, or consolidation
  • § 23-11-310. Articles of consolidation or purchase -- Amount of capital stock
  • § 23-11-311. Control of parallel or competing line prohibited -- Contracts, etc., void -- Penalties
  • § 23-11-312. Rights and privileges of consolidated and purchasing companies
  • § 23-11-313. Debts of purchased or consolidated companies -- Claims
  • § 23-11-314. Forfeiture of lease -- Ouster
  • § 23-11-315. Corporations formed to purchase or lease railroads -- Stock issued in payment deemed fully paid shares
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