Indiana § 8-4-24-3 - Reciprocity; foreign corporations
Full text of Indiana Indiana Code § 8-4-24-3 — Reciprocity; foreign corporations, with citation guidance and answers to common questions.
§ 8-4-24-3. Reciprocity; foreign corporations
Sec. 3. In case the part situate within this state of any railroad, a part of which is situate in another state, shall become vested in a corporation of such other state, and such corporation shall also acquire a part situate in such other state of the said railroad, the said corporation may exercise and enjoy, within this state, for the purpose of the said railroad and its business, so far as it may be endowed by the laws of the state of its creation with capacity to do so, all the powers, rights, faculties, privileges, immunities, and franchises enumerated in section 2 of this chapter, and its mortgages or trust deeds shall operate as therein specified.
Formerly: Acts 1861, c.78, s.3. As amended by P.L.62-1984, SEC.76.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-4-24-3
What does Indiana Code § 8-4-24-3 cover?
Section 8-4-24-3 ("Reciprocity; foreign corporations") 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 § 8-4-24-3?
A common citation format is "Indiana Code § 8-4-24-3" (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 § 8-4-24-3 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.