Indiana Statutes
§ 8-4-1-32 — Failure to complete road; voiding of corporation
If any such corporation shall not, within three
(3)years after its incorporation, begin the construction of its road, and
expend thereon five (5) per cent of the amount of its capital, and finish
the road and put it in full operation in ten (10) years thereafter, its act
of incorporation shall become void.
Formerly: Acts 1852, 1RS, c.83, s.34.
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Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
Repealed