A railroad corporation which is organized under the laws of this state and chartered by the Secretary of State and which has surrendered its franchises to the state in accordance with Code Section 46-8-70 or which has sold its property, rights, and franchises to another corporation in accordance with Code Section 46-8-106, and which has satisfied all its outstanding debts and obligations, or which has arranged for all its outstanding debts and obligations to be assumed by the transferee of its property, rights, and franchises, may be dissolved in the manner provided in Code Sections 46-8-72 through 46-8-79.
Section: 46-8-70 46-8-71 46-8-72 46-8-73 46-8-74 46-8-75 46-8-76 46-8-77 46-8-78 46-8-79 46-8-80 46-8-81 46-8-82 NextLast modified: October 14, 2016