South Carolina Statutes
§ 58-17-310 — Purchaser of railroad shall reorganize and commence operation within sixty days; exceptions.
Any person acquiring any railroad within this State by purchase, foreclosure, or otherwise shall organize under the provisions of this article and put into operation such road within sixty days from the purchase or acquisition thereof. The provisions of this section do not apply to acquisitions of railroads by merger or consolidation.
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South Carolina § 58-17-310 (Purchaser of railroad shall reorganize and commence operation within sixty days; exceptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 58-901; 1952 Code SECTION 58-901; 1942 Code SECTION 8277; 1932 Code SECTION 8222; Civ. C. '22 SECTION 4786; Civ. C. '12 SECTION 3117; Civ. C. '02 SECTION 2043; 1897 (22) 533; 1994 Act No. 479, SECTION 1, eff July 14, 1994.
Nearby Sections
15
§ 58-17-10
Definitions.§ 58-17-110
Mandamus to require compliance with law.§ 58-17-1120
General corporate powers.§ 58-17-1130
Execution of mortgages; issuance of bonds.§ 58-17-1150
Acquisition of land and rights-of-way.§ 58-17-1160
Acquisition of rights-of-way around tracks.