Vermont § 3427 - Alien railroad corporations; exceptions
Full text of Vermont Vermont Statutes Online § 3427 — Alien railroad corporations; exceptions, with citation guidance and answers to common questions.
§ 3427. Alien railroad corporations; exceptions
- (a) An alien railway corporation shall not be directly or indirectly interested in any
of the stock of a railroad corporation organized under the laws of this State without
leave of the General Assembly. However, nothing in this section shall apply to the
stock of any railroad corporation now or hereafter organized that shall own or operate
all or any part of the railroad or other property owned or operated by a railroad
corporation at any time prior to February 15, 1929, a majority of whose stock was
owned, held, or controlled by an alien railway corporation, or by any of its subsidiary
or affiliated companies or corporations, directly or indirectly, at any time prior
to such date. (b) An alien railway corporation shall not, by itself or through others, own or acquire
title to any railroad, or the use thereof, or have anything to do with the management
or control of a railroad in this State without leave of the General Assembly. However,
nothing in this section shall apply to a railroad that at any time prior to February
15, 1929, in whole or in part, was owned, managed, operated, or controlled, or title
to which or the use of which was acquired by any alien railway corporation, or by
any of its subsidiary or affiliated companies or corporations, whether by itself or
with others and whether directly or indirectly by stock ownership, lease, operating
agreement, or otherwise.
Frequently Asked Questions About Vermont § 3427
What does Vermont Statutes Online § 3427 cover?
Section 3427 ("Alien railroad corporations; exceptions") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 3427?
A common citation format is "Vermont Statutes Online § 3427" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 3427 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.