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·Title 39 Public Utilities and Carriers·Ch. 39-6 Railroad Companies

§ 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.

Rhode Island § 39-6-24 (§ 39-6-24. Redemption of franchise and property from sale on execution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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.