Ohio § 4951.27
Full text of Ohio Ohio Revised Code § 4951.27, with citation guidance and answers to common questions.
§ 4951.27.
A company maintaining and operating a street railway or a railroad operated by electricity
may lease or purchase all the property, franchises, rights, and privileges of any
company organized for the purpose of supplying either electricity or natural or artificial
gas, or both, for power, light, heat, or fuel purposes, or which has been engaged
in such business in whole or part in any municipal corporation within this state,
the latter being hereby vested with corresponding power to let or sell, upon such
conditions as are agreed upon between the companies. No such lease or purchase may be perfected until a meeting of the stockholders of
each of the companies has been called for that purpose by the directors, on thirty
days' notice to each stockholder, at such time and place and in such manner as is
provided for the annual meetings of the companies, and the holders of at least two
thirds of the stock of each company, in person or by proxy at such meeting or at any
properly adjourned meeting, assent to such lease or purchase. A stockholder who refuses to assent to such lease or sale and so signifies by notice
in writing to the lessee or purchaser within ninety days thereafter is entitled to
demand and receive compensation in the manner provided for the compensation of stockholders
dissenting from the sale or lease of a railroad.
Frequently Asked Questions About Ohio § 4951.27
What does Ohio Revised Code § 4951.27 cover?
Section 4951.27 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 4951.27?
A common citation format is "Ohio Revised Code § 4951.27" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 4951.27 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.