Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
When the railroads of railroad companies in this state or any portion of such railroads have been or are to be so constructed as to admit the passage of freight or passenger cars over any two or more of such railroads, continuously without break or interruption, such companies may consolidate themselves into a single company or either company may merge or be merged into the other. Where the railroad of any railroad company in this state is connected with the railroad of another railroad company by means of an intervening railroad, held and operated by either of such companies under lease or over which either of such companies has the right to operate under any trackage agreement, thereby forming together a connected and continuous railroad, the railroads of such companies so connected shall be held to admit the passage of cars over such railroads continuously, without break or interruption, within the meaning of this section.
Structure Ohio Revised Code
Chapter 4967 | Consolidation of Railroads
Section 4967.01 | Companies May Consolidate.
Section 4967.02 | Consolidation or Merger of Railroad Companies.
Section 4967.03 | Merger With Other Railroad Companies.
Section 4967.04 | Agreement of Consolidation or Merger.
Section 4967.10 | Relief for Dissenting Shareholder.
Section 4967.12 | Property of Old Companies Vests in New - Rights of Creditors Not Impaired.
Section 4967.13 | Disposition of Stocks and Bonds Acquired Upon Consolidation or Merger.
Section 4967.14 | Consolidated Company May Issue Stock in Lieu of Purchase Money.
Section 4967.15 | Property of Company Acquired by Purchase Vested in Consolidated Company.
Section 4967.16 | Effect of Consolidation.
Section 4967.17 | Principal Office.
Section 4967.18 | Taxation of Property of Railroad Located in This State.
Section 4967.19 | Actions Against New Company.
Section 4967.20 | Proof of Charters Not Required.
Section 4967.21 | Two or More Companies Owning a Road May Divide and Dispose of It.
Section 4967.22 | Proceedings When Companies Cannot Agree on a Division.
Section 4967.23 | Cost of Improvements.
Section 4967.24 | Partition Not Compulsory.
Section 4967.25 | Company Selling Interest May Purchase or Condemn Land Along Route.