Sec. 5. A purchase or lease made under this chapter is not valid until it is approved by the Indiana department of transportation.
Formerly: Acts 1913, c.169, s.6. As amended by P.L.384-1987(ss), SEC.48; P.L.18-1990, SEC.56.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 4. Organization and Operation of Railroads
Chapter 21. Stockholder's Rights in Sale or Lease
8-4-21-1. Consent of Stockholders
8-4-21-2. Dissenting Shareholders; Arbitration of Claims
8-4-21-3. Dissenting Shareholders; Arbitration of Claims; Deposit of Award With Court