Indiana § 8-4-7-5 - Stock certificates; proprietary companies
Full text of Indiana Indiana Code § 8-4-7-5 — Stock certificates; proprietary companies, with citation guidance and answers to common questions.
§ 8-4-7-5. Stock certificates; proprietary companies
Sec. 5. The interest of each proprietary company in the union company in its capital stock and in its property and effects of every kind shall be deemed an appurtenance to the railroad of such proprietary company, and shall not be transferable or alienable otherwise than with and as a part of the railroad of such proprietary company. The union company shall issue to each proprietary company a certificate or certificates setting forth the interest or stock of such proprietary company in such union company, but such certificate shall express upon its face that it is not transferable, except as appurtenant to the railroad of such proprietary company.
Formerly: Acts 1885, c.20, s.5.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-4-7-5
What does Indiana Code § 8-4-7-5 cover?
Section 8-4-7-5 ("Stock certificates; proprietary companies") 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 § 8-4-7-5?
A common citation format is "Indiana Code § 8-4-7-5" (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 § 8-4-7-5 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.