Indiana Statutes
§ 8-4-24-7 — Settlement of former account
Indiana § 8-4-24-7
This text of Indiana § 8-4-24-7 (Settlement of former account) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 8-4-24-7 (2026).
Text
No purchaser or purchasers of any railroad shall
be entitled to any rights or benefits under this chapter until such
purchaser or purchasers shall first assume and pay, in money or first
class or satisfactory securities, to be issued by the new corporation
formed upon the sale or transfer of any railroad as provided in this
chapter for, as the creditor or creditors may elect, all ticket balances
and back charges for freight, with interest, whether due upon account,
judgment of a court of record, bond, note, or other instrument in
writing, which the former railroad corporation may have owned or been
in arrears for, to any connecting railroad company, operating a railroad
entirely or in part in this state.
Formerly: Acts 1861, c.78, s.7. As amended by P.L.62-1984,
SEC.78; P.L.136-2018, SEC.9
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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Repealed§ 8-1-1-13
Repealed§ 8-1-1-14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Repealed§ 8-1-1-4.1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
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-4-24-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-4-24-7.