Rhode Island § 39-6-24 § 39-6-24. Redemption of franchise and property from sale on execution.

Rhode Island Statutes

§ 39-6-24 — § 39-6-24. Redemption of franchise and property from sale on execution.

Rhode Island § 39-6-24

Title 39Public Utilities and Carriers

Ch. 39-6Railroad Companies

This text of Rhode Island § 39-6-24 (§ 39-6-24. Redemption of franchise and property from sale on execution.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 39-6-24 (2026).

Text

§ 39-6-24. Redemption of franchise and property from sale on execution.
The franchise and property of a railroad corporation may be redeemed by it, or any
            mortgagee thereof, from sale on execution by paying or tendering to the purchaser
            the sum paid therefor at the sale, with interest, at any time within sixty (60) days
            after the final determination of any appeal to reverse the judgment upon which the
            execution issued, or of any suit to test the validity of the sale, brought before
            the sale or within sixty (60) days thereafter; but nothing in this section shall be
            construed as authorizing a sale.
         

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§ 39-6-24. Redemption of franchise and property from sale on execution.

The franchise and property of a railroad corporation may be redeemed by it, or any mortgagee thereof, from sale on execution by paying or tendering to the purchaser the sum paid therefor at the sale, with interest, at any time within sixty (60) days after the final determination of any appeal to reverse the judgment upon which the execution issued, or of any suit to test the validity of the sale, brought before the sale or within sixty (60) days thereafter; but nothing in this section shall be construed as authorizing a sale.

Legislative History

G.L. 1896, ch. 177, § 16; G.L. 1909, ch. 213, § 16; G.L. 1923, ch. 251, § 63; G.L. 1938, ch. 124, § 63; G.L. 1956, § 39-6-24; P.L. 1997, ch. 326, § 109.