Indiana Code 8-4-7-1. Authority for formation
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Terms Used In Indiana Code 8-4-7-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Sec. 1. Where two (2) or more railroad companies own or operate railroads extending into, through or near the same city or town, such companies, or any two (2) or more of them, may form a union railway corporation, according to this chapter.
Formerly: Acts 1885, c.20, s.1. As amended by P.L.136-2018, SEC.88.