The consolidation shall not have effect until the terms and conditions of the agreement shall have been approved by a majority of the stockholders of each of the consolidating companies, at a regular annual meeting.
Structure 2021 Tennessee Code
Title 65 - Public Utilities and Carriers
Chapter 9 - Consolidation of Railroads
§ 65-9-101. Power to Consolidate
§ 65-9-102. Consolidation Agreement
§ 65-9-103. Approval of Stockholders
§ 65-9-104. Agreement and Evidence of Approval Recorded
§ 65-9-105. Rights of Creditors
§ 65-9-106. Rights and Liabilities of Consolidated Corporation