ARTICLE 3 - INCORPORATION AND CONSOLIDATION OF RAILROAD COMPANIES AND REQUIREMENTS AS TO DIRECTORS AND OFFICERS
- PART 1 - INCORPORATION, ORGANIZATION, SUBSCRIPTION OF CAPITAL STOCK, SELECTION OF OFFICERS AND DIRECTORS
- § 46-8-40 - Grant of corporate powers and privileges to railroad companies by Secretary of State; procedure in case of disqualification of Secretary of State
- § 46-8-41 - Procedures regarding preparation of petition for incorporation; filing of petition and affidavit with Secretary of State; endorsement by Secretary of State; allowance for public inspecti
- § 46-8-42 - Certificate of incorporation; duration of corporate existence; fee for issuance of certificate
- § 46-8-43 - Duties of Secretary of State prior to issuance of certificate of incorporation; certificate or duplicate thereof as evidence of existence of corporation and compliance with chapter
- § 46-8-44 - Subscription to capital stock; par value of stock; subscription to all capital stock as prerequisite to beginning railroad construction
- § 46-8-45 - Payment of subscriptions; procedure by directors in case of default by subscriber
- § 46-8-46 - Procedures regarding organizational meeting; qualifications of directors; selection of officers and agents; annual election of directors; filling of vacancies on board
- § 46-8-47 - Determination of directors' compensation; appointment of chairman and vice-presidents; time and place of board meetings; procedures regarding board meetings
- § 46-8-48 - Creation of executive committee and other committees; powers of committees; designation of alternate members of committees; committee action by majority vote
- § 46-8-49 - Action by board or committee thereof or by shareholder or committee thereof by written consent of members without meeting
- § 46-8-50 - Combination of offices of corporation; election of officers by shareholders; terms of office; powers and duties of officers; authority of chairman or president as to legal proceedings
- § 46-8-51 - Indemnification of persons by railroad corporation; advance of expenses; insuring against liabilities; reports of payments to shareholders; provisions eliminating or limiting liability o
- § 46-8-52 - Exemption of property of stockholders from debts or liabilities of corporation
- § 46-8-53 - Procedure for issuing bonds or increasing capital stock
- § 46-8-54 - Adoption of title by railroad companies incorporated, or by persons owning or operating a railroad, prior to December 17, 1892
- § 46-8-55 - Standard of care for directors and officers in discharge of duties; reliance upon financial information
- PART 2 - CONSOLIDATION, MERGER, SURRENDER OF FRANCHISE, AND DISSOLUTION OF COMPANIES
- § 46-8-70 - Application by railroad company that company surrender its franchises and cease performing as a common carrier; hearing before commission; effect of outstanding debts on company
- § 46-8-71 - Dissolution of railroad corporation generally
- § 46-8-72 - Adoption of resolution for dissolution by board of directors; meeting of stockholders to consider resolution; filing of petition for dissolution with Secretary of State
- § 46-8-73 - Contents of petition for dissolution; certification resolution recommending dissolution; attachment of resolution to petition; verification of petition; fee for filing petition
- § 46-8-74 - Advertisement of petition for dissolution
- § 46-8-75 - Transfer of copy of petition from Secretary of State to commission
- § 46-8-76 - Investigation by commission of proposed dissolution; issuance of certificate approving or disapproving application for dissolution; transfer of certificate; filing of duplicate certifica
- § 46-8-77 - Certification by judge of the probate court of the fact of advertisement of petition; filing of certificate with Secretary of State
- § 46-8-78 - Order of Secretary of State accepting surrender of charter and franchises and dissolving corporation; recording of petition, certificate of approval, certificate of publication, and orde
- § 46-8-79 - Effect of issuance of order of dissolution and payment of fees
- § 46-8-80 - Contracts between railroad companies for merger, consolidation, lease, or purchase for purposes of connecting the roads of the companies
- § 46-8-81 - Consolidation, merger, lease, or purchase of railroad companies whose roads form a continuous line; issuance of stocks and bonds by consolidated companies
- § 46-8-82 - Forfeiture of powers, privileges, and certificate of incorporation for failure to construct and operate 15 miles of road within three years; extension of time for construction and operat