§ 37-9-408 — Sale of tickets; unused tickets redeemable; sale of unused ticket by purchaser

It shall be the duty of the owner or owners of railroads, or
other public conveyances, to provide for the redemption of the
whole or any parts, or coupons of any ticket or tickets, as they
may have sold, as the purchaser for any reason has not used and
does not desire to use, at a rate which shall be equal to the
difference between the price paid for the whole ticket and the
cost of a ticket between the points for which the proportion of
said ticket was actually used; and the sale by any person of the
unused portion of any ticket otherwise than by the presentation
of the same for redemption, as provided for in this section,
shall be deemed to be a violation of the provisions of this act,
and shall be punished as hereinbefore provided; provided, that
this act shall not apply to the sale of first-class tickets; and
provided, that this act shall not prohibit any person who has
purchased a regular first-class ticket from any agent authorized
by this act with the bona fide intention of traveling upon the
same the whole distance between the points named in the said
ticket, from selling the unused part of the same to any other
person, if such person travels upon the same, unless said
tickets shall be special contract tickets and the local fare to
the point to which said ticket may be used shall equal the price
paid for such special contract ticket.