§ 124-2 – State deemed shareholder in corporation accepting appropriation.
124-2. State deemed shareholder in corporation accepting appropriation. When an appropriation is made by the State to any work of internal improvement conducted by a corporation, the State shall be considered, if so directed in the act making the appropriation, a stockholder in such corporation, and shall have as many shares as may correspond with […]
§ 124-3 – Report of railroad, canal, etc.; contents.
124-3. Report of railroad, canal, etc.; contents. (a) The president or other chief officer of every railroad, canal, or other public work of internal improvement in which the State owns an interest, shall, report annually to the Joint Legislative Commission on Governmental Operations. This report shall include: (1) Number of shares owned by the State. […]
§ 124-5 – Approval of encumbrance on State's interest in corporations.
124-5. Approval of encumbrance on State’s interest in corporations. (a) No corporation or company in which the State owns the majority of any class of voting stock shall sell, lease, mortgage, or otherwise encumber its franchise, right-of-way, or other property, except by and with the approval and consent of the Governor and Council of State. […]