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Subchapter 1 - General Provisions
§ 23-11-101. Enforcement of laws or orders on complaint - It is made the duty of the Arkansas Department of...
§ 23-11-102. Fees of domestic companies - (a) All railroad, street, interurban, or other transportation companies organized...
§ 23-11-103. Railroads and express companies — Annual reports — Failure to report — Penalty - (a) It is the duty of every person or corporation...
§ 23-11-104. Report of department as to information regarding railroad companies - (a) (1) The Arkansas Department of Transportation shall ascertain as...
Subchapter 2 - Railroad Incorporation Act of 1959
§ 23-11-201. Title - This subchapter shall be known as the “Railroad Incorporation Act...
§ 23-11-202. Definitions - (a) For purposes of this subchapter, unless the context otherwise...
§ 23-11-203. Articles of incorporation - (a) The articles of incorporation of any contemplated railroad corporation...
§ 23-11-204. Formation of railroad corporation — Application — Contents - Any number of persons, not fewer than three (3), being...
§ 23-11-205. Application for incorporation — Hearing — Order of department - (a) Promptly after the filing of an application for the...
§ 23-11-206. Issuance of charter - Upon the payment of the fees prescribed by law, the...
§ 23-11-207. Filing of papers — Effect - (a) Certified copies of the articles of incorporation together with...
§ 23-11-208. Characteristics and powers generally of corporation - When the charter and articles of incorporation shall have been...
§ 23-11-209. Specific powers and liabilities - Every such corporation shall possess the general powers and be...
§ 23-11-210. Stockholders' first meeting - (a) As soon as practicable after the charter and articles...
§ 23-11-211. Annual and special meetings of stockholders - (a) Every railroad corporation incorporated under the laws of this...
§ 23-11-212. Voting of shares generally - (a) (1) The owner of any share of any railroad...
§ 23-11-213. Board of directors — Members - (a) The directors of every railroad corporation shall have the...
§ 23-11-214. Board of directors — Meetings - (a) Except as may be otherwise provided by law or...
§ 23-11-215. Board of directors — Powers generally - The management of the affairs of the corporation shall be...
§ 23-11-216. Board of directors — Issuance of bonds, certificates of indebtedness — Security - In addition to the rights and powers conferred on railroad...
§ 23-11-217. Dividends — Declaration and payment by board of directors - (a) (1) The board of directors are also empowered to...
§ 23-11-218. Officers and committees of board of directors - (a) The board of directors shall select the officers of...
§ 23-11-219. Subscription contracts for sale of stock - Railroad corporations organized under the law of this state are...
§ 23-11-220. Amendment of articles of incorporation - (a) Amendments to the articles of incorporation of any railroad...
§ 23-11-221. Dissolution or liquidation of railroad corporation - (a) Railroad corporations organized under the laws of this state...
§ 23-11-222. Corporations existing prior to June 11, 1959 — Application of subchapter — Extension of existence - (a) This subchapter shall be applicable to all railroad corporations...
§ 23-11-223. Corporations existing prior to June 7, 1945 — Extension of charter - (a) Upon the application of any railroad corporation chartered under...
Subchapter 3 - Sale, Lease, or Consolidation
§ 23-11-301. Authority of railroad to sell or lease road or property - Every railroad corporation incorporated under the laws of this state...
§ 23-11-302. Authority to sell or lease road or property to connecting foreign railroad — Authority to acquire other railroads — Ratification - (a) Subject to the approval thereof by the Arkansas Department...
§ 23-11-303. Construction, purchase, or lease of railroad in adjoining state authorized - Any railway company which may have built its road to...
§ 23-11-304. Formation of connecting lines — Aid to construction of other railroad authorized - Any railroad company heretofore incorporated or hereafter organized, in pursuance...
§ 23-11-305. Consolidation when lines connect at state boundary line - (a) Any railroad companies organized under the laws of this...
§ 23-11-306. Consolidation of two or more railroad companies to effect continuous line - (a) Any two (2) or more railroad companies in this...
§ 23-11-307. Consolidation with foreign corporation - (a) Any corporation formed under the laws of this state...
§ 23-11-308. Bonds issued by leasing, purchasing, or consolidating corporation — Security for bonds - (a) For the purpose of carrying out and executing any...
§ 23-11-309. Stockholders' consent required for purchase of stock, lease, or consolidation - No aid as provided in § 23-11-304 shall be furnished,...
§ 23-11-310. Articles of consolidation or purchase — Amount of capital stock - (a) Articles of consolidation or purchase shall be signed by...
§ 23-11-311. Control of parallel or competing line prohibited — Contracts, etc., void — Penalties - (a) (1) No railroad or the lessees, purchasers, or managers...
§ 23-11-312. Rights and privileges of consolidated and purchasing companies - (a) When any two (2) railroad companies shall become consolidated...
§ 23-11-313. Debts of purchased or consolidated companies — Claims - (a) (1) Whenever any railroad company, corporation, or individual purchases...
§ 23-11-314. Forfeiture of lease — Ouster - (a) The franchise and all charter rights whatsoever of any...
§ 23-11-315. Corporations formed to purchase or lease railroads — Stock issued in payment deemed fully paid shares - (a) Subject to the provisions of Acts 1959, No. 30,...
Subchapter 4 - Foreign Railroads
§ 23-11-401. Authority to construct railroads in state - Any railroad company existing under the laws of any other...
§ 23-11-402. Purchase or lease of state roads — Exception - Subject to approval thereof by the Arkansas Department of Transportation...
§ 23-11-403. Lessor and lessee of railroad subject to laws - A corporation in this state leasing its road to a...
§ 23-11-404. Right to tax uncurtailed - Nothing in §§ 23-11-302, 23-11-401, and 23-11-402 shall be held...
Subchapter 5 - Land Grants
§ 23-11-501. Grants for purpose of aiding in construction of railroads - (a) Any person or corporation, public or private, who may...
§ 23-11-502. Lands forfeited upon failure to apply for and accept conveyance - Any railroad company which becomes entitled to a conveyance of...
§ 23-11-503. Forfeited lands revert to state - All lands forfeited under the provisions of this section and...
§ 23-11-504. Report of failure to accept or forfeiture of lands — Lands proclaimed subject to sale - (a) The Commissioner of State Lands is charged with the...
§ 23-11-505. List of lands conveyed — Assessment - (a) It shall be the duty of the Commissioner of...