Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
The lien of the mortgages and deeds of trust authorized by section 4971.04 of the Revised Code shall be subordinated to the lien of judgments recovered against the railroad company, after its reorganization, for labor performed for it, materials or supplies furnished to it, or damages, losses, or injuries suffered or sustained by the misconduct of its agents, after such reorganization, or to the lien of judgments against such company in any action founded on its contracts or liability as a common carrier made or incurred after such reorganization.
Structure Ohio Revised Code
Chapter 4971 | Reorganization of Railroads
Section 4971.01 | Proceedings for Reorganization.
Section 4971.02 | Meeting of Creditors - Proceedings.
Section 4971.03 | Certificate to Be Filed.
Section 4971.04 | Powers of New Company.
Section 4971.05 | Property of New Company.
Section 4971.06 | Issue of Stock or Securities.
Section 4971.07 | Lien of Mortgages.
Section 4971.08 | Lien for Labor Performed.
Section 4971.09 | Enforcement of Lien.
Section 4971.10 | Court to Retain Amount of Lien.
Section 4971.11 | Action to Satisfy Judgment.
Section 4971.12 | Provisions Applicable to Certain Other Companies.
Section 4971.13 | Mortgaged Property May Be Sold Without Appraisement.
Section 4971.14 | Creditors May Agree on Capitalization - Notice.
Section 4971.15 | Stocks or Bonds Held in a Fiduciary Capacity.
Section 4971.16 | Rights of Creditors Who Do Not Sign Agreement.
Section 4971.17 | Court to Make Order as to Costs.