Arkansas Code

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Subchapter 3 — Sale, Lease, or Consolidation

• Section23-11-301. Authority of railroad to sell or lease road or property.
• Section23-11-302. Authority to sell or lease road or property to connecting foreign railroad — Authority to acquire other railroads — Ratification.
• Section23-11-303. Construction, purchase, or lease of railroad in adjoining state authorized.
• Section23-11-304. Formation of connecting lines — Aid to construction of other railroad authorized.
• Section23-11-305. Consolidation when lines connect at state boundary line.
• Section23-11-306. Consolidation of two or more railroad companies to effect continuous line.
• Section23-11-307. Consolidation with foreign corporation.
• Section23-11-308. Bonds issued by leasing, purchasing, or consolidating corporation — Security for bonds.
• Section23-11-309. Stockholders' consent required for purchase of stock, lease, or consolidation.
• Section23-11-310. Articles of consolidation or purchase — Amount of capital stock.
• Section23-11-311. Control of parallel or competing line prohibited — Contracts, etc., void — Penalties.
• Section23-11-312. Rights and privileges of consolidated and purchasing companies.
• Section23-11-313. Debts of purchased or consolidated companies — Claims.
• Section23-11-314. Forfeiture of lease — Ouster.
• Section23-11-315. Corporations formed to purchase or lease railroads — Stock issued in payment deemed fully paid shares.