New York Railroad Law Section 162 - Acquisition and maintenance of railroad built, owned or operated by a corporation not organized under this chapter.

  162.  Acquisition  and  maintenance  of  railroad  built,  owned or
  operated by a corporation not organized under this chapter.  No railroad
  corporation organized under subdivision three of section  five  of  this
  chapter  shall  acquire,  purchase  or  lease  or maintain and operate a
  railroad already built, owned and operated  by  a  corporation  of  this
  state  not  organized under the railroad law, unless the commissioner of
  transportation shall consent thereto.

Last modified: February 3, 2019