Indiana Code > Title 8 > Article 4 > Chapter 24 – Purchase and Sale of Defunct Railroads


§ 8-4-24-1	Certificate of sale; public lease; sale notice
§ 8-4-24-2	Powers, privileges, facilities, and franchises
§ 8-4-24-3	Reciprocity; foreign corporations
§ 8-4-24-4	Liens and encumbrances
§ 8-4-24-5	Place of sale
§ 8-4-24-6	Surrender or assignment of stock; acquisition of stock in reorganized company
§ 8-4-24-7	Settlement of former account
§ 8-4-24-8	Amendment or repeal of chapter

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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.
Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Deed: The legal instrument used to transfer title in real property from one person to another.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Fiduciary: A trustee, executor, or administrator.
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Lien: A claim against real or personal property in satisfaction of a debt.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Property: includes personal and real property. See Indiana Code 1-1-4-5