Section 4971.02 | Meeting of Creditors – Proceedings.
Effective: October 7, 1977 Latest Legislation: House Bill 42 – 112th General Assembly As soon as practicable after the sale of the railroad of a railroad company under a judgment, the trustees shall call a meeting of the parties to the agreement provided by section 4971.01 of the Revised Code, by a notice signed by […]
Section 4971.03 | Certificate to Be Filed.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly A certificate, under the common seal of the company referred to in section 4971.02 of the Revised Code, specifying its name, and the railroad which it is to hold, maintain, and operate, shall be filed in the office of the secretary of […]
Section 4971.04 | Powers of New Company.
Effective: July 30, 1984 Latest Legislation: House Bill 250 – 115th General Assembly The reorganized railroad company may, within six months after the organization, assume such debts or liabilities of the original company and make such adjustments or exchanges with any bondholder of the original company, and, within one year, make such adjustments or exchanges […]
Section 4971.05 | Property of New Company.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Upon reorganization and a conveyance by the trustees, or of such of them as are vested with the legal title, or their survivors, the railroad and other property, franchises, and things purchased, and the franchises, powers, faculties, privileges, and immunities which were […]
Section 4969.12 | Certain Railroads May Be Sold at Judicial Sale.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The real and personal property, roadbed, right of way, fixtures, and franchises of a railroad company in this state which has not completed, nor conveyed by deed of trust or mortage, any part of its railroad, and which is insolvent, and whose […]
Section 4969.13 | Receiver Must Petition for Sale.
Effective: October 7, 1977 Latest Legislation: House Bill 42 – 112th General Assembly Before a sale under section 4969.12 of the Revised Code is ordered, the receiver shall file in the court his petition therefor, in which he shall set forth the names of the creditors of the company, with the sums due to each […]
Section 4969.14 | Order for Appraisement.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly On proof of the publication of the notice required by section 4969.13 of the Revised Code, and being satisfied that a sale is necessary to pay the indebtedness of the company, the court shall order the sale of such railroad, roadbed, rights […]
Section 4969.15 | Notice of Sale to Be Published.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Before a sale referred to in section 4969.12 of the Revised Code is made, notice thereof shall be given by publication, for six consecutive weeks, in some newspaper published and of general circulation in each of the counties through or in which […]
Section 4969.16 | Confirmation of Sale and Deed – Distribution of Proceeds.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When a sale referred to in section 4969.12 of the Revised Code is made and reported to the court, if satisfied that it was conducted according to law and its order, the court shall confirm the sale and order the receiver to […]
Section 4969.17 | Who May Purchase Property.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly A company organized under the laws of this state may purchase the property referred to in section 4969.12 of the Revised Code. Any number of persons not less than five may purchase such railroad, roadbed, rights of way, property, and franchises at […]