All the rights, privileges, and immunities appertaining to the franchises sold under judicial proceedings instituted against delinquent railroads by the state, under the act of incorporation and the amendments thereto, and the general internal improvement law of the state, and acts amendatory thereof, shall be transferred to, and vest in, the purchaser.
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