Missouri Constitution Article XI Sec. 10 – Consolidation of domestic with foreign railroad corporations — jurisdiction of Missouri courts — notice of consolidation
If any railroad corporation organized under the laws of this state shall consolidate by sale or otherwise, with any railroad corporation organized under the laws of any other state, or of the United States, the same shall not thereby become a foreign corporation, but the courts of this state shall retain jurisdiction in all matters which may arise as if said consolidation had not taken place. No consolidation shall take place, except upon at least sixty days public notice to all stockholders, in the manner provided by law.
Terms Used In Missouri Constitution Article XI Sec. 10 - Consolidation of domestic with foreign railroad corporations -- jurisdiction of Missouri courts -- notice of consolidation
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.