§5189. New corporation may buy right of redemption
Any corporation formed under this chapter by the holders of railroad bonds may acquire, by purchase, the right of redemption under the mortgage securing the bonds. [PL 1987, c. 141, Pt. A, §4 (NEW).]
SECTION HISTORY
PL 1987, c. 141, §A4 (NEW).
Structure Maine Revised Statutes
Chapter 605: MANAGEMENT AND OPERATION
Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE
23 §5181. Purchasers at sale have rights of original corporation; redemption
23 §5182. Succession to rights and obligations of original corporation
23 §5183. Original corporation continues, to close business, and for actions
23 §5184. Courts have jurisdiction of all disputes
23 §5186. Holders of unpaid scrip and bonds may foreclose mortgages
23 §5187. Capital stock of new corporation; value of shares; no further assessment
23 §5188. Organization certificate filed with Secretary of State