Ohio § 4969.17 Who may purchase property

Ohio Statutes

§ 4969.17 — Who may purchase property

Ohio § 4969.17

Title 49Public Utilities

Ch. 4969Railroad Sales; Railroad Receivers

This text of Ohio § 4969.17 (Who may purchase property) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 4969.17 (2026).

Text

A company organized under the laws of this state may purchase the property referred to in section4969.12of the Revised Code. Any number of persons not less than five may purchase such railroad, roadbed, rights of way, property, and franchises at such sale. On filing a transcript of the decree of confirmation in the office of the secretary of state, they shall become a corporation of this state, amenable to its process and, with perpetual succession by such name as they assume, shall be subject to the law regulating such corporations, and shall hold the property, rights, and franchises so purchased free from liability for the debts of the original corporation.

Free access — add to your briefcase to read the full text and ask questions with AI

A company organized under the laws of this state may purchase the property referred to in section4969.12of the Revised Code. Any number of persons not less than five may purchase such railroad, roadbed, rights of way, property, and franchises at such sale. On filing a transcript of the decree of confirmation in the office of the secretary of state, they shall become a corporation of this state, amenable to its process and, with perpetual succession by such name as they assume, shall be subject to the law regulating such corporations, and shall hold the property, rights, and franchises so purchased free from liability for the debts of the original corporation.