Consolidation or Acquisition of Railroad Companies or Interests Therein | Midpage

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South Carolina Code of Laws

Article 5

Consolidation or Acquisition of Railroad Companies or Interests Therein

58-17-610Merger or consolidation with continuous or connected railroad authorized 58-17-620Procedure for consolidation 58-17-630Consolidation fees 58-17-640New charter shall be issued to consolidated company; no additional fee shall be charged 58-17-650Procedure for assessment of damages of dissenting stockholder 58-17-660Rights, duties and the like of consolidated corporation 58-17-670Transfer of rights, liabilities and the like to consolidated corporation 58-17-680Consolidated corporation shall not acquire greater rights than those of consolidating corporations 58-17-690Consolidated corporation shall establish offices 58-17-700Liability of consolidated corporation to suits 58-17-710Property of consolidated corporation subject to taxation 58-17-720Consolidations and the like of competing railroads prohibited 58-17-730Certain consolidations with companies of other states not authorized 58-17-740Purchase of connecting railroad sold under mortgage, deed of trust or judicial process 58-17-750Purchase or guarantee of bonds and stock of other companies; purchase, use or lease of other roads 58-17-760Ownership of stock or bonds of connecting railroad or steamboat company 58-17-770Ownership of stock or company controlling stock of competing railroad prohibited; dissolution 58-17-780Penalty for owning, leasing or operating competing lines