Maine Statutes
§ 23 §5182 — Succession to rights and obligations of original corporation
The trustees of bondholders or other parties under contract with them operating a railroad and all corporations formed in the modes provided have the same rights, powers and obligations as the old corporation had by its charter and the general laws. All rights and privileges are subject to amendment, alteration or repeal by the Legislature and to all the general laws concerning railroads, notwithstanding anything to the contrary in the original charter.
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Maine § 23 §5182 (Succession to rights and obligations of original corporation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1987, c. 141, §A4 (NEW).
Nearby Sections
15
§ 23 §51
Appointment; tenure; reports§ 23 §5121
Fares and tolls established§ 23 §5122
Rights of ticket holders§ 23 §5124
Sale of limited tickets§ 23 §5141
Intersecting roads§ 23 §5143
Equal facilities to all expresses§ 23 §5144
Discontinuance of service§ 23 §5151
Shares§ 23 §5152
Rights of coupon holders§ 23 §5155
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