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(a) Any corporation formed under the laws of this state and chartered thereby may consolidate with any corporation of any adjoining state in the manner provided by law.
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(b) The consolidated corporation shall become, be, and remain a corporation of this state and amenable to its laws and courts.
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(c)
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(1) No such consolidation shall be effected except between corporations, the union of whose roads will make a continuous line.
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(2) Nor shall any consolidated company own, control, operate, lease, purchase, or consolidate with any parallel or competing line.
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