§ 39-6-24. Redemption of franchise and property from sale on execution.
The franchise and property of a railroad corporation may be redeemed by it, or any mortgagee thereof, from sale on execution by paying or tendering to the purchaser the sum paid therefor at the sale, with interest, at any time within sixty (60) days after the final determination of any appeal to reverse the judgment upon which the execution issued, or of any suit to test the validity of the sale, brought before the sale or within sixty (60) days thereafter; but nothing in this section shall be construed as authorizing a sale.
History of Section.G.L. 1896, ch. 177, § 16; G.L. 1909, ch. 213, § 16; G.L. 1923, ch. 251, § 63; G.L. 1938, ch. 124, § 63; G.L. 1956, § 39-6-24; P.L. 1997, ch. 326, § 109.
Structure Rhode Island General Laws
Title 39 - Public Utilities and Carriers
Chapter 39-6 - Railroad Companies
Section 39-6-1. - “Railroad” defined.
Section 39-6-2. - Unlicensed road as nuisance.
Section 39-6-3. - Action to abate unlicensed road.
Section 39-6-4. - Supervision by president and directors.
Section 39-6-5. - Stockholders’ access to books.
Section 39-6-6. - Security for damages required before entry on land.
Section 39-6-7. - Abandonment of condemned lands.
Section 39-6-8. - Reversion of abandoned lands.
Section 39-6-9. - Possession of land adverse to railroad.
Section 39-6-10. - Adverse possession by railroad.
Section 39-6-11. - Citations in condemnation matters.
Section 39-6-12. - Filing of location of road — Citation.
Section 39-6-13. - Superior court jurisdiction.
Section 39-6-14. - Counsel fees in actions against railroads.
Section 39-6-15. - Power to operate aircraft.
Section 39-6-16. - Conversion to electric power operation.
Section 39-6-17. - Operation of trains over tracks of another company.
Section 39-6-18. - Reduction of facilities by agreements — Filing of contracts.
Section 39-6-19. - Sale of equipment with reserved title or lien — Lease with option to purchase.
Section 39-6-21. - Prior contracts for sale of equipment.
Section 39-6-22. - Liability of trustees and bondholders operating road.
Section 39-6-23. - Annual report by trustees.
Section 39-6-24. - Redemption of franchise and property from sale on execution.
Section 39-6-25. - Rights and liabilities of purchaser at mortgage or judicial sale.
Section 39-6-26. - Right of purchaser to convey to corporation.
Section 39-6-27. - Safety, sanitation, and adequate shelter for railroad employees.
Section 39-6-27.1. - Maintenance of way employees in area of double or multiple tracks.
Section 39-6-27.2. - After accident counseling.
Section 39-6-28. - [Reserved.]
Section 39-6-29. - Caboose car or rider car.
Section 39-6-30. - Protection of railroad employees.
Section 39-6-31. - Declaration of policy regarding abandoned railroad property.
Section 39-6-32. - Disposition of abandoned railroad property.