Ohio Code § 4969.18
Ohio Code § 4969.18. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 4969.18.
The purchaser of a railroad situated wholly or partly within this state, sold pursuant
to judicial proceedings, may acquire the franchise originally vested in the company
which held the railroad prior to such sale, by grant of such company, under such terms
as are agreed upon by the directors of the company with the consent of stockholders
owning two thirds of the stock. Such grant shall be in the form required to convey real estate, and shall pass such
franchise to the persons or company becoming the owner by the purchase of such railroad. No grant may be made unless provision is made for granting to the stockholders in
the original company stock in the reorganized company, upon equal terms with the stockholders
of such reorganized company, and unless it is acceptable to the directors making it.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 4969.18
- 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 § 4969.18?
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 § 4969.18 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 § 4969.18 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Statutes are amended, repealed, and renumbered every session.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.