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Home » US Law » 2022 New York Laws » Consolidated Laws » RRD - Railroad » Article 4 - Consolidation, Lease, Sale and Reorganization » 162 – Acquisition and Maintenance of Railroad Built, Owned or Operated by a Corporation Not Organized Under This Chapter.

§ 162. Acquisition and maintenance of railroad built, owned or operated by a corporation not organized under this chapter. No railroad corporation organized under subdivision three of section five of this chapter shall acquire, purchase or lease or maintain and operate a railroad already built, owned and operated by a corporation of this state not organized under the railroad law, unless the commissioner of transportation shall consent thereto.