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2021 Ohio Revised Code
Title 49 | Public Utilities
Chapter 4969 | Railroad Sales; Railroad Receivers
Section 4969.12 | Certain Railroads May Be Sold at Judicial Sale.
Universal Citation: Ohio Rev Code § 4969.12 (2021)
Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
The real and personal property, roadbed, right of way, fixtures, and franchises of a railroad company in this state which has not completed, nor conveyed by deed of trust or mortage, any part of its railroad, and which is insolvent, and whose property is in the hands of a receiver appointed by a court of competent jurisdiction, may be sold at judicial sale, and title thereto, with all the rights, liberties, faculties, and franchises, shall pass by such sale, and vest in the purchaser thereof, as fully as they had been possessed, exercised, and enjoyed by such company.
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