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Home » US Law » 2022 Ohio Revised Code » Title 49 | Public Utilities » Chapter 4967 | Consolidation of Railroads

Section 4967.01 | Companies May Consolidate.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When the railroads of railroad companies in this state or any portion of such railroads have been or are to be so constructed as to admit the passage of freight or passenger cars over any two or more of such railroads, continuously […]

Section 4967.02 | Consolidation or Merger of Railroad Companies.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly A company organized in this state for the purpose of constructing, owning, and operating a railroad, or whose railroad is made or is in process of construction to a point within or without, or to the boundary line of, this state, may […]

Section 4967.03 | Merger With Other Railroad Companies.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly A railroad company formed by the consolidation of a company of this state with a company of another state, or the surviving company in case of a merger of such companies, may make a further consolidation or merger with a company of […]

Section 4967.04 | Agreement of Consolidation or Merger.

Effective: November 22, 1986 Latest Legislation: House Bill 902 – 116th General Assembly A consolidation or merger of railroad companies shall be effected by each railroad company adopting an agreement of merger or consolidation pursuant to section 1701.78, 1701.79, 1701.80, or 1701.801 of the Revised Code and making the filings required by section 1701.81 of […]

Section 4967.10 | Relief for Dissenting Shareholder.

Effective: November 22, 1986 Latest Legislation: House Bill 902 – 116th General Assembly A stockholder who dissents in a consolidation or merger of railroad companies pursuant to section 4967.04 of the Revised Code is entitled to relief as a dissenting shareholder under section 1701.85 of the Revised Code.

Section 4967.14 | Consolidated Company May Issue Stock in Lieu of Purchase Money.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When a consolidated railroad company described in section 4967.13 of the Revised Code is in possession of or operating in connection with or extension of its own railroad, any other railroad in this state or any other state, under purchase, conveyance, lease, […]

Section 4967.16 | Effect of Consolidation.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Sections 4967.14 and 4967.15 of the Revised Code do not relieve a consolidated railroad company from paying the fee provided by section 111.16 of the Revised Code in case a corporation files a certificate for an increase of its capital stock. The […]

Section 4967.17 | Principal Office.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly As soon as convenient after a consolidation of railroad companies resulting in the formation of a new company, the new company shall establish a principal office at some point in this state on the line of its railroad, but may change it […]

Section 4967.18 | Taxation of Property of Railroad Located in This State.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly That part of the railroad of a consolidated or surviving railroad company located in this state, and all its real and personal property in this state, shall be listed for taxation and taxed in the same manner as the railroad and property […]

Section 4967.19 | Actions Against New Company.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Suits may be brought and maintained against the new company formed by a consolidation of railroad companies, or against the surviving company in the case of a merger, in the courts of this state for all causes of action, in the same […]

Section 4967.20 | Proof of Charters Not Required.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly In any suit brought to charge a consolidated or surviving railroad company with a liability of any company party to the consolidation or merger, it is not necessary to produce or prove: (A) The charters of such companies; (B) The laws of […]

Section 4967.22 | Proceedings When Companies Cannot Agree on a Division.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly If the companies referred to in section 4967.21 of the Revised Code are unable to agree upon an equitable plan for improving and developing, or for the division and sale of, the railroad and appurtenances or part thereof so owned in common, […]

Section 4967.23 | Cost of Improvements.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The cost of the additions or improvements referred to in section 4967.22 of the Revised Code, unless otherwise agreed between the joint owners, shall be paid by them in proportion to their ownership in the joint property, irrespective of the amount of […]

Section 4967.24 | Partition Not Compulsory.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Sections 4967.21 to 4967.23, inclusive, of the Revised Code, do not imply or confer a right or power of compulsory partition of the joint property against the will of either of the joint owners, but it may be sold upon execution as […]

Section 4967.25 | Company Selling Interest May Purchase or Condemn Land Along Route.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly If, pursuant to the agreement or to the proceedings provided for in sections 4967.21 to 4967.24, inclusive, of the Revised Code, either railroad company sells or conveys, or suffers to be sold or conveyed, its interest in the railroad or part thereof […]

Section 4967.26 | Application in Case of Lease.

Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Sections 4967.21 to 4967.25, inclusive, of the Revised Code, apply in case one or more railroad companies or owners in common has leased its interest in the portion of railroad owned in common, and the lessee of such interest may unite with […]