Ohio Code § 4961.05
Ohio Code § 4961.05. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 4961.05.
By a resolution adopted by a majority of its board of directors, at a meeting duly
called for the purpose, with the written consent of three fourths in interest of its
stockholders, a railroad company may change the line of railroad, or any part thereof,
and either of the proposed termini, of its railroad. No change shall be made which will involve the abandonment of any part of the railroad,
either partly or completely constructed. Any subscription of stock made upon the faith of the location of the railroad, or
a part thereof, upon a line of railroad abandoned by the change, shall be canceled
at the written request of a subscriber who has not consented to such change, filed
with the secretary or other chief officer of the company, within six months after
such change. When such change is made, it shall be described in such resolution, an authenticated
copy of which, under the seal of the company, shall be filed with the secretary of
state and by him recorded, with proper reference, on the record of the articles of
incorporation of the company. When so filed, such change shall be considered as made, and is as valid and binding
as if the changed line had been the line originally described in the articles.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 4961.05
- 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 § 4961.05?
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 § 4961.05 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 § 4961.05 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Statutes are amended, repealed, and renumbered every session.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.