Indiana Code Title 8. Utilities and Transportation § 8-4-22-1

Sec. 1.  Any railroad company organized under the laws of Indiana, or created by consolidation of a company or companies organized under the laws of Indiana, and a company or companies organized under the laws of another state or states may lease or purchase, in whole or in part, the connecting or continuous and noncompeting line of any railroad in any other state, together with all its rights, powers, privileges, franchises, and immunities.  However, a sale or lease may not be made under this chapter without the approval of: