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Indiana Code Title 8. Utilities and Transportation § 8-4-21-1

Current as of January 02, 2024 | Updated by FindLaw Staff

Sec. 1. No such sale and purchase or lease  1 shall be perfected until a meeting of the stockholders of each of the companies has been called for that purpose as hereinbefore provided, and the holders of at least two-thirds ( 2/3 ) of stock of each company in person or by proxy, at such meeting, assent thereto.

1 Acts 1913, c. 169, s. 1, authorized railroad companies to sell, purchase or lease non-competing lines of a railroad provided the action was approved by stockholders owning at least two-thirds of the capital stock of the respective companies. Section one of the 1913 act was repealed in 1945.
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Cite this article: FindLaw.com - Indiana Code Title 8. Utilities and Transportation § 8-4-21-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-8-utilities-and-transportation/in-code-sect-8-4-21-1/

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