Railroads and other property mortgaged by a reorganized railroad company, if the court deems it expedient, may be sold without appraisement, at judicial sales under judgments upon such mortgage but the court shall fix a minimum sum below which no sale shall be made. To fix that amount, the court may refer the subject to a master with instructions to take testimony and report the sum.
Effective Date: 10-01-1953
Section: Previous 4971.06 4971.07 4971.08 4971.09 4971.10 4971.11 4971.12 4971.13 4971.14 4971.15 4971.16 4971.17 4971.18 4971.19 NextLast modified: October 10, 2016