Ohio Revised Code Chapter 4971 - Reorganization Of Railroads

• Section 4971.01 - Proceedings For Reorganization.
  When proceedings are pending in any court for the sale of the railroad of a railroad company, under a mortgage or deed of trust,...
• Section 4971.02 - Meeting Of Creditors - Proceedings.
  As soon as practicable after the sale of the railroad of a railroad company under a judgment, the trustees shall call a meeting of...
• Section 4971.03 - Certificate To Be Filed.
  A certificate, under the common seal of the company referred to in section 4971.02 of the Revised Code, specifying its name, and the railroad...
• Section 4971.04 - Powers Of New Company.
  The reorganized railroad company may, within six months after the organization, assume such debts or liabilities of the original company and make such adjustments...
• Section 4971.05 - Property Of New Company.
  Upon reorganization and a conveyance by the trustees, or of such of them as are vested with the legal title, or their survivors, the...
• Section 4971.06 - Issue Of Stock Or Securities.
  In cases of railroad companies organized or reorganized under the laws of this state, in which the organization or reorganization agreement provides and stipulates...
• Section 4971.07 - Lien Of Mortgages.
  The lien of the mortgages and deeds of trust authorized by section 4971.04 of the Revised Code shall be subordinated to the lien of...
• Section 4971.08 - Lien For Labor Performed.
  In an action against a railroad company, domestic or foreign, operating a railroad in this state, when such action is to recover judgment for...
• Section 4971.09 - Enforcement Of Lien.
  In order to take advantage of section 4971.08 of the Revised Code, before the day fixed for the sale of the property of such...
• Section 4971.10 - Court To Retain Amount Of Lien.
  On the return of the officer or other person making a sale referred to in section 4971.09 of the Revised Code, before confirming such...
• Section 4971.11 - Action To Satisfy Judgment.
  Within sixty days after the determination of the action referred to in section 4971.08 of the Revised Code, the party claiming such priority of...
• Section 4971.12 - Provisions Applicable To Certain Other Companies.
  Sections 4971.01 to 4971.19, inclusive, of the Revised Code apply to companies whose railroads are partly within and partly without this state. A domestic...
• Section 4971.13 - Mortgaged Property May Be Sold Without Appraisement.
  Railroads and other property mortgaged by a reorganized railroad company, if the court deems it expedient, may be sold without appraisement, at judicial sales...
• Section 4971.14 - Creditors May Agree On Capitalization - Notice.
  When judicial proceedings are pending in a court for the sale of a railroad, and such railroad is in the hands of a receiver...
• Section 4971.15 - Stocks Or Bonds Held In A Fiduciary Capacity.
  When a portion of the stock or bonds of a railroad company is held by the state, by a county, township, or municipal corporation,...
• Section 4971.16 - Rights Of Creditors Who Do Not Sign Agreement.
  As used in this section, "incompetent person" means a person who is so mentally impaired as a result of a mental or physical illness...
• Section 4971.17 - Court To Make Order As To Costs.
  When the agreement provided for by section 4971.14 of the Revised Code is made and filed, notice of it given, and proof thereof made...
• Section 4971.18 - Agreement May Be With Each Interest.
  The adjustment agreement is not required to be between the several interests specified in section 4971.14 of the Revised Code, but may be between...
• Section 4971.19 - When Railroad Used By Two Companies.
  If the railroad involved in the judicial proceedings referred to in sections 4971.01 to 4971.19, inclusive, of the Revised Code, is used, in whole...

Last modified: October 10, 2016