There is a newer version of the Connecticut General Statutes
2009 Connecticut Code
Title 16 Public Service Companies
Chapter 282 Department Of Public Utility Control: Railroad And Railway Bonds And Mortgages
Sec. 16-219. Surrender of road to mortgage trustee.
Sec. 16-219. Surrender of road to mortgage trustee. When any such company
has mortgaged its property or any part thereof to any person, in trust, for the security
of its creditors, or any class of them, and has made default in the payment of principal
or interest due such creditors, any such creditor may bring his complaint to the superior
court, for any judicial district in which such railroad or any part thereof is located, setting
forth such fact and claiming that such trustee may be placed in possession of such
property, for the benefit of such creditors. Such complaint shall be heard and determined
at the first session of the court to which it is returnable, unless continued for reasonable
cause; and, if the allegations therein are found true, such court shall decree that such
company and its president and directors, under a suitable penalty, shall surrender such
mortgaged property to the trustee, for the benefit of such creditors.(1949 Rev., S. 5630; P.A. 78-280, S. 2, 127.)
History: P.A. 78-280 replaced "county" with "judicial district".
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