Ohio § 4961.05
Full text of Ohio Ohio Revised Code § 4961.05, with citation guidance and answers to common questions.
§ 4961.05.
By a resolution adopted by a majority of its board of directors, at a meeting duly
called for the purpose, with the written consent of three fourths in interest of its
stockholders, a railroad company may change the line of railroad, or any part thereof,
and either of the proposed termini, of its railroad. No change shall be made which will involve the abandonment of any part of the railroad,
either partly or completely constructed. Any subscription of stock made upon the faith of the location of the railroad, or
a part thereof, upon a line of railroad abandoned by the change, shall be canceled
at the written request of a subscriber who has not consented to such change, filed
with the secretary or other chief officer of the company, within six months after
such change. When such change is made, it shall be described in such resolution, an authenticated
copy of which, under the seal of the company, shall be filed with the secretary of
state and by him recorded, with proper reference, on the record of the articles of
incorporation of the company. When so filed, such change shall be considered as made, and is as valid and binding
as if the changed line had been the line originally described in the articles.
Frequently Asked Questions About Ohio § 4961.05
What does Ohio Revised Code § 4961.05 cover?
Section 4961.05 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 § 4961.05?
A common citation format is "Ohio Revised Code § 4961.05" (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 § 4961.05 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.