Ohio § 4969.20 Any number of persons may purchase and incorporate

Ohio Statutes

§ 4969.20 — Any number of persons may purchase and incorporate

Ohio § 4969.20

Title 49Public Utilities

Ch. 4969Railroad Sales; Railroad Receivers

This text of Ohio § 4969.20 (Any number of persons may purchase and incorporate) 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. § 4969.20 (2026).

Text

A railroad company organized or existing under the laws of this state may purchase the property as provided in section4969.19of the Revised Code. Any number of persons may purchase such railroad, roadbeds, rights of way, property, and franchises either directly at such judicial sale or by grant from the purchasers at such sale. On filing a copy of such deed or grant in the office of the secretary of state, with articles of incorporation executed in accordance with the law respecting the creation of corporations for profit, they and such persons as associate with them, not less than five in number, shall become a corporation with perpetual succession by such name as they assume, with capacity to maintain and operate such railroads, whether located wholly within this state, or partly within 

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

A railroad company organized or existing under the laws of this state may purchase the property as provided in section4969.19of the Revised Code. Any number of persons may purchase such railroad, roadbeds, rights of way, property, and franchises either directly at such judicial sale or by grant from the purchasers at such sale. On filing a copy of such deed or grant in the office of the secretary of state, with articles of incorporation executed in accordance with the law respecting the creation of corporations for profit, they and such persons as associate with them, not less than five in number, shall become a corporation with perpetual succession by such name as they assume, with capacity to maintain and operate such railroads, whether located wholly within this state, or partly within this state and partly in another state.