(a) Any corporation formed under the laws of this state and chartered thereby may consolidate with any corporation of any adjoining state in the manner provided by law.
(b) The consolidated corporation shall become, be, and remain a corporation of this state and amenable to its laws and courts.
(c) (1) No such consolidation shall be effected except between corporations, the union of whose roads will make a continuous line.
(2) Nor shall any consolidated company own, control, operate, lease, purchase, or consolidate with any parallel or competing line.
Section: Previous 23-11-302 23-11-303 23-11-304 23-11-305 23-11-306 23-11-307 23-11-308 23-11-309 23-11-310 23-11-311 23-11-312 23-11-313 23-11-314 23-11-315 NextLast modified: November 15, 2016