Purchaser of railroad shall reorganize and commence operation within sixty days; exceptions
1962 Code SECTION 58-901; 1952 Code SECTION 58-901; 1942 Code SECTION 8277; 1932 Code SECTION 8222; Civ
Any person acquiring any railroad within this State by purchase, foreclosure, or otherwise shall organize under the provisions of this article and put into operation such road within sixty days from the purchase or acquisition thereof.
The provisions of this section do not apply to acquisitions of railroads by merger or consolidation.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.