If a sale shall be made under a trust deed or mortgage executed by a railroad corporation on all its works and property, or if the sale of such property shall be made under the decree of a court, and there be a conveyance to any person or persons pursuant to any such sale, said sale and conveyance shall pass to the purchaser at such sale, not only the works and property of the corporation as they were at the time of making the trust deed or mortgage, but any works which the company may, after that time and before the sale, have constructed, and all other property of which it may be possessed at the time of the sale, other than debts due to it. Upon such conveyance to the purchaser such company shall ipso facto be dissolved, and such purchaser shall forthwith be a corporation by any name which may be set forth in such conveyance, or in any writing signed by him or them, and recorded in the office of the clerk of the county court of any county wherein the property so sold, or any part thereof, is situated.
Structure West Virginia Code
§31-2-1. Railroad Companies to Be Common Carriers; General Powers
§31-2-2. Right to Own and Dispose of Property
§31-2-3. Right to Produce Electricity for Own Uses
§31-2-4. Right to Dispose of Surplus Electricity, Power, etc.
§31-2-5. Buying, Selling or Transporting Coal and Coke
§31-2-6. Charter to Show Principal Cities and Towns to Be Served by Railroad
§31-2-7. Filing Map of Railroad
§31-2-8. Warning of Approach of Train at Crossings; Crossing Railroad Tracks
§31-2-9. Signboards or Warning Notices at Crossings
§31-2-10. Watering Troughs for Livestock
§31-2-11. Consolidation of Railroad Properties
§31-2-12. Passing Into Other States
§31-2-14. Foreclosure or Judicial Sale of Railroad Company
§31-2-15. Same -- Rights and Duties of Purchaser