New Hampshire Revised Statutes 367:20 – To Another Railroad
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Any railroad corporation may, subject to the provisions of RSA 374, lease its railroad, railroad property, and interests to any other railroad corporation for such length of time and upon such terms as may be agreed to by the lessor and lessee corporations at meetings of their respective stockholders, properly notified and held for the purpose, by a
2/3 vote of all the stock represented and voting at such meetings.
2/3 vote of all the stock represented and voting at such meetings.
Terms Used In New Hampshire Revised Statutes 367:20
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC