Vermont Statutes Title 5 Sec. 3613
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Terms Used In Vermont Statutes Title 5 Sec. 3613
- 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.
- Domestic: when applied to a corporation, company, association, or copartnership shall mean organized under the laws of this State; "foreign" when so applied, shall mean organized under the laws of another state, government, or country. See
- real estate: shall include lands, tenements, and hereditaments and all rights thereto and interests therein, and pews or slips in places of public worship shall be treated as real estate. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 3613. Foreign corporations holding real estate
A foreign railroad corporation connecting at the line of this State with a domestic railroad corporation may acquire and hold in this State such real estate as it may find necessary, and may make such improvements thereon as shall enable it satisfactorily, to make such connection with the railroad in this State and may construct and maintain all necessary sidings, engine houses, car houses, turntables, and other necessary structures and appliances for terminal purposes as shall be required for the operation of its railroad. (Amended 2023, No. 6, § 32, eff. July 1, 2023.)