Ohio Code § 4951.30

Ohio Code § 4951.30. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.

§ 4951.30.

Two or more street railway or electric railway companies may enter into any agreement

for their common benefit consistent with and calculated to promote the objects for

which they were created.  No such lease or purchase shall be perfected until a meeting of the stockholders

of each of the companies has been called for that purpose by the directors of such

companies, on thirty days' notice to each stockholder at such place and in such manner

as is provided for annual meetings of the companies, and the holders of at least two

thirds of the stock of each company, in person or by proxy at such meeting or at any

properly adjourned meeting, assent to such lease or purchase.  Any stockholder who refuses to assent to such lease or sale and so signifies by

notice in writing to the lessee or purchaser within ninety days thereafter is entitled

to demand and receive compensation in the same manner and by such proceedings as are

provided for the sale of stock of a stockholder dissenting to a sale or lease of a

railroad.

Source: official Ohio text · Last verified 2026-08-27

At a glance

  • Citation: Ohio Revised Code § 4951.30
  • Jurisdiction: Ohio
  • Code: Ohio Revised Code
  • Text: transcribed from the official source (verify below)

Verify the text

Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:

Not legal advice. Verify against the official source and consult a licensed Ohio attorney.

Common questions

What is the source of Ohio Revised Code § 4951.30?

The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.

What subject does Ohio Revised Code § 4951.30 address?

It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.

Is Ohio Revised Code § 4951.30 still in force?

Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.

Can this page be used as legal advice?

No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.