Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
Railroads and other property mortgaged by a reorganized railroad company, if the court deems it expedient, may be sold without appraisement, at judicial sales under judgments upon such mortgage but the court shall fix a minimum sum below which no sale shall be made. To fix that amount, the court may refer the subject to a master with instructions to take testimony and report the sum.
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.