Indiana § 8-4-12-7 - Completion of road by transferee company
Full text of Indiana Indiana Code § 8-4-12-7 — Completion of road by transferee company, with citation guidance and answers to common questions.
§ 8-4-12-7. Completion of road by transferee company
Sec. 7. Whenever any railroad company, coming within the provision of this chapter, shall sell or transfer their property, rights, or franchises to any other railroad company, it shall be the duty of such last named railroad company to complete the road so transferred to them, and put the same in complete running order, within three (3) years after the time of such transfer; and upon failure so to do, it shall be taken and held to have abandoned and forfeited the same, and any company organized, as provided in this chapter, shall succeed to and be invested with the same, as is provided in this chapter; however, nothing in this chapter contained shall be regarded as a recognition of the right of two (2) or more railroad companies to consolidate by voluntary agreement.
Formerly: Acts 1867, c.80, s.7. As amended by P.L.62-1984, SEC.64; P.L.136-2018, SEC.92.
IC 8-4-13Chapter 13. Voluntary Dissolution of Railroad Companies
8-4-13-1Authority for dissolution 8-4-13-2Consent of shareholders; certificate of dissolution 8-4-13-3Filing certificate; entry by secretary of state 8-4-13-4Notice; publication
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-4-12-7
What does Indiana Code § 8-4-12-7 cover?
Section 8-4-12-7 ("Completion of road by transferee company") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 8-4-12-7?
A common citation format is "Indiana Code § 8-4-12-7" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 8-4-12-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.