Ohio § 4971.07 Lien of mortgages

Ohio Statutes

§ 4971.07 — Lien of mortgages

Ohio § 4971.07

Title 49Public Utilities

Ch. 4971Reorganization Of Railroads

This text of Ohio § 4971.07 (Lien of mortgages) 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. § 4971.07 (2026).

Text

The lien of the mortgages and deeds of trust authorized by section4971.04of the Revised Code shall be subordinated to the lien of judgments recovered against the railroad company, after its reorganization, for labor performed for it, materials or supplies furnished to it, or damages, losses, or injuries suffered or sustained by the misconduct of its agents, after such reorganization, or to the lien of judgments against such company in any action founded on its contracts or liability as a common carrier made or incurred after such reorganization.

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The lien of the mortgages and deeds of trust authorized by section4971.04of the Revised Code shall be subordinated to the lien of judgments recovered against the railroad company, after its reorganization, for labor performed for it, materials or supplies furnished to it, or damages, losses, or injuries suffered or sustained by the misconduct of its agents, after such reorganization, or to the lien of judgments against such company in any action founded on its contracts or liability as a common carrier made or incurred after such reorganization.