Sec. 2. The shareholders of any railroad company, now organized or to be organized under the laws of this state, shall have no preemptive rights to subscribe to or purchase any additional issues of shares of the capital stock of the corporation of any class nor any shares of the corporation purchased or acquired by the corporation and not canceled but held as treasury stock except to the extent, if any, that such rights shall be fixed and stated in the articles of association.
Formerly: Acts 1852, 1RS, c.83, s.1a; Acts 1957, c.69, s.1. As amended by P.L.136-2018, SEC.85.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 4. Organization and Operation of Railroads
Chapter 1. Incorporation of Railroad Companies
8-4-1-2. Shareholders; Preemptive Rights
8-4-1-3. Articles of Association; Filing With Secretary of State
8-4-1-4. Subscriptions to the Stock
8-4-1-5. Shareholders; Annual Meeting; Directors, Election, and Term
8-4-1-6. Meetings of Shareholders; Notice; Requisites
8-4-1-7. Meetings of Shareholders; Annual Report; Removal of Officers
8-4-1-8. Directors; Elections; President and Other Officers; Appointment or Election
8-4-1-9. Stock Subscriptions; Demands for Payment
8-4-1-10. By-Laws; Officers and Employees; Appointment and Duties
8-4-1-11. Stock Certificates; Issuance and Transfer
8-4-1-12. Certificate of Capitalization
8-4-1-13. Maps and Route Profile; Filing
8-4-1-14. General Powers and Duties; Enumeration
8-4-1-15. Eminent Domain; Right to Acquire Title
8-4-1-16. Eminent Domain; Damages; Appraisals; Appeals
8-4-1-17. Eminent Domain; Conflicting Claimants to Compensation; Judicial Determination
8-4-1-18. Eminent Domain; Court Appointed Attorney for Absentees or Persons Unknown
8-4-1-19. Eminent Domain; Stay of Proceedings; Perfecting Defective Title
8-4-1-20. Financing of Operations; Loans and Issue of Security
8-4-1-22. Railroad Crossings; Grade Separation
8-4-1-23. Public Lands; Acquisition; Location Upon Grounds of State Institutions
8-4-1-24. Employees; Identification Badges
8-4-1-25. State Lien for Penalties, Taxes, and Dues
8-4-1-31. Maps and Profiles; Certificates of Proposed Line; Filing
8-4-1-32. Failure to Complete Road; Voiding of Corporation