Indiana § 8-4-24-3 Reciprocity; foreign corporations

Indiana Statutes

§ 8-4-24-3 — Reciprocity; foreign corporations

Indiana·Art. 4 ORGANIZATION AND OPERATION OF·Ch. 24 Purchase and Sale of Defunct Railroads

In case the part situate within this state of any
railroad, a part of which is situate in another state, shall become vested
in a corporation of such other state, and such corporation shall also
acquire a part situate in such other state of the said railroad, the said
corporation may exercise and enjoy, within this state, for the purpose
of the said railroad and its business, so far as it may be endowed by the
laws of the state of its creation with capacity to do so, all the powers,
rights, faculties, privileges, immunities, and franchises enumerated in
section 2 of this chapter, and its mortgages or trust deeds shall operate
as therein specified.
Formerly: Acts 1861, c.78, s.3. As amended by P.L.62-1984,
SEC.76.

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In case the part situate within this state of any
railroad, a part of which is situate in another state, shall become vested
in a corporation of such other state, and such corporation shall also
acquire a part situate in such other state of the said railroad, the said
corporation may exercise and enjoy, within this state, for the purpose
of the said railroad and its business, so far as it may be endowed by the
laws of the state of its creation with capacity to do so, all the powers,
rights, faculties, privileges, immunities, and franchises enumerated in
section 2 of this chapter, and its mortgages or trust deeds shall operate
as therein specified.
Formerly: Acts 1861, c.78, s.3. As amended by P.L.62-1984,
SEC.76.

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