The corporation, formed by the consolidation of two (2) or more railroad corporations, shall have, possess, and exercise all the rights, powers, privileges, immunities, and franchises, and be subject to all the duties and obligations, not inconsistent with this chapter, conferred and imposed by the laws of this state upon such companies so consolidating, or either of them.
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