Ohio § 4969.18
Full text of Ohio Ohio Revised Code § 4969.18, with citation guidance and answers to common questions.
§ 4969.18.
The purchaser of a railroad situated wholly or partly within this state, sold pursuant
to judicial proceedings, may acquire the franchise originally vested in the company
which held the railroad prior to such sale, by grant of such company, under such terms
as are agreed upon by the directors of the company with the consent of stockholders
owning two thirds of the stock. Such grant shall be in the form required to convey real estate, and shall pass such
franchise to the persons or company becoming the owner by the purchase of such railroad. No grant may be made unless provision is made for granting to the stockholders in
the original company stock in the reorganized company, upon equal terms with the stockholders
of such reorganized company, and unless it is acceptable to the directors making it.
Frequently Asked Questions About Ohio § 4969.18
What does Ohio Revised Code § 4969.18 cover?
Section 4969.18 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 § 4969.18?
A common citation format is "Ohio Revised Code § 4969.18" (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 § 4969.18 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.