New York Railroad Law Article 4 - CONSOLIDATION, LEASE, SALE AND REORGANIZATION

• 140 - Consolidation or Merger of Corporations Owning or Leasing Continuous Lines; Abandonment of Parallel Lines; Merger of Subsidiary Corporations.
  1. Any railroad or other corporation, organized under the laws of this state, or of this state and any other state or states, and owning...
• 141 - Mergers and Consolidations of Certain Railroad Corporations.
  With the consent and approval of the commissioner of transportation pursuant to section one hundred eighty-eight of the transportation law, a railroad corporation all of...
• 144 - Assessment of Property of New or Surviving Corporation.
  The real estate of such new or surviving corporation, situate within this state, shall be assessed and taxed in the several towns and cities where...
• 145 - Stocks of Municipal Corporations, How Represented.
  At any meeting of the stockholders of any railroad corporation to consider any agreement or proposition of consolidation, merger, lease or conveyance, or other matter,...
• 146 - Foreclosure of Mortgages Made by Consolidated Railroads Partly in the State.
  Whenever a railroad corporation of this or of any other state or states whose line of road lies partly in this state and partly in...
• 147 - Powers of Corporations Organized to Acquire and Operate Railroads Partly in the State.
  A railroad corporation created under the laws of the state or states in which the greater part of the line of its railroad may be...
• 148 - Lease and Conveyance of Road.
  A railroad corporation may not contract, by way of lease, agreement to convey or otherwise, with any other such corporation for the use of their...
• 151 - Mortgagee May Purchase At Foreclosure Sale.
  Any mortgagee of the property and franchises of any railroad corporation may become the purchaser of the same at any sale thereof under the mortgage,...
• 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...

Last modified: February 3, 2019