Indiana Statutes

§ 8-4-12-3 — Payment of appraised value; disposition

Indiana·Art. 4 ORGANIZATION AND OPERATION OF·Ch. 12 Abandonment of Certain Railroads
The money so paid, as is provided in section 2 of this chapter, shall be held by such treasurer in trust for the payment, firstly, of the debts of such old company; and, secondly, the balance, if any, shall be equitably distributed among the stockholders thereof. Formerly: Acts 1867, c.80, s.3. As amended by P.L.62-1984, SEC.62.

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