Any railroad corporation which has been created, or whose corporate existence has been recognized, by any act of the general assembly, is empowered to become a purchaser of any railroad sold in this or any adjoining state under any judicial proceeding in such state, or sold by any person who may have purchased or derived title under or from any such judicial sale.
Structure 2021 Tennessee Code
Title 65 - Public Utilities and Carriers
Chapter 8 - Purchase and Sale of Railroads
§ 65-8-101. Power to Acquire and Operate Other Railroads
§ 65-8-102. Borrowing Money for Payment — Issuance of Bonds
§ 65-8-103. Continuation of Business by Seller to Wind Up Business
§ 65-8-104. Authority to Purchase Under Judicial Sale
§ 65-8-105. Rights of Purchase Under Judicial Sale