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23-11-403. Lessor and lessee of railroad subject to laws.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-11-403. Lessor and lessee of railroad subject to laws.
A corporation in this state leasing its road to a corporation of another state shall remain liable as if it operated the road itself, and a corporation of another state, being the lessee of a railroad in this state, shall likewise be held liable for the violation of any of the laws of this state and may sue or be sued in all cases, and for the same causes and in the same manner, as a corporation of this state might sue or be sued if operating its own road, but a satisfaction of any claim or judgment by either of the corporations shall discharge the other.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-11-403
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-11-403
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c2f551c74e5ab6a46fc06073bc182b94a87e68ee0d1410a1daf2aca045ec278c
Source location: content.xml paragraph 6484
Stored source content
23-11-403. Lessor and lessee of railroad subject to laws.
A corporation in this state leasing its road to a corporation of another state shall remain liable as if it operated the road itself, and a corporation of another state, being the lessee of a railroad in this state, shall likewise be held liable for the violation of any of the laws of this state and may sue or be sued in all cases, and for the same causes and in the same manner, as a corporation of this state might sue or be sued if operating its own road, but a satisfaction of any claim or judgment by either of the corporations shall discharge the other.
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