There is a newer version
of
this Section
2017 Ohio Revised Code
Title [49] XLIX PUBLIC UTILITIES
Chapter 4969 - RAILROAD SALES; RAILROAD RECEIVERS
Section 4969.17 - Who may purchase property.
Universal Citation: Ohio Rev Code § 4969.17 (2017)
A company organized under the laws of this state may purchase the property referred to in section 4969.12 of the Revised Code. Any number of persons not less than five may purchase such railroad, roadbed, rights of way, property, and franchises at such sale. On filing a transcript of the decree of confirmation in the office of the secretary of state, they shall become a corporation of this state, amenable to its process and, with perpetual succession by such name as they assume, shall be subject to the law regulating such corporations, and shall hold the property, rights, and franchises so purchased free from liability for the debts of the original corporation.
Effective Date: 10-01-1953 .
Disclaimer: These codes may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
