Part 2 - Consolidation, Merger, Surrender of Franchise, and Dissolution of Companies

Part 2 - Consolidation, Merger, Surrender of Franchise, and Dissolution of Companies

§ 46-8-70. Application by railroad company that company surrender its franchises and cease performing as a common carrier; hearing before commission; effect of outstanding debts on company
§ 46-8-71. Dissolution of railroad corporation generally
§ 46-8-72. Adoption of resolution for dissolution by board of directors; meeting of stockholders to consider resolution; filing of petition for dissolution with Secretary of State
§ 46-8-73. Contents of petition for dissolution; certification resolution recommending dissolution; attachment of resolution to petition; verification of petition; fee for filing petition
§ 46-8-74. Advertisement of petition for dissolution
§ 46-8-75. Transfer of copy of petition from Secretary of State to commission
§ 46-8-76. Investigation by commission of proposed dissolution; issuance of certificate approving or disapproving application for dissolution; transfer of certificate; filing of duplicate certificate; effect of disapproval
§ 46-8-77. Certification by judge of the probate court of the fact of advertisement of petition; filing of certificate with Secretary of State
§ 46-8-78. Order of Secretary of State accepting surrender of charter and franchises and dissolving corporation; recording of petition, certificate of approval, certificate of publication, and order by Secretary of State
§ 46-8-79. Effect of issuance of order of dissolution and payment of fees
§ 46-8-80. Contracts between railroad companies for merger, consolidation, lease, or purchase for purposes of connecting the roads of the companies
§ 46-8-81. Consolidation, merger, lease, or purchase of railroad companies whose roads form a continuous line; issuance of stocks and bonds by consolidated companies
§ 46-8-82. Forfeiture of powers, privileges, and certificate of incorporation for failure to construct and operate 15 miles of road within three years; extension of time for construction and operation of road

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