Ohio Revised Code (Last Updated: January 27, 2016) |
Title 49. XLIX PUBLIC UTILITIES |
Chapter 4967. CONSOLIDATION OF RAILROADS |
Section 4967.16. Effect of consolidation
Latest version.
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Sections 4967.14 and 4967.15 of the Revised Code do not relieve a consolidated railroad company from paying the fee provided by section 111.16 of the Revised Code in case a corporation files a certificate for an increase of its capital stock. The rights of a stockholder not surrendering or transferring his stock are not affected, nor are existing liabilities or the rights of creditors of the company whose stock has been so surrendered or transferred affected, by sections 4967.14 to 4967.16, inclusive, of the Revised Code.
Effective Date: 10-01-1953