Indiana Statutes
§ 8-4-24-7 — Settlement of former account
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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Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
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Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
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Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
Repealed