Current as of: 2010 Subject to the provisions of Part 1 of Division 1 and of the
Corporations Code, any railroad corporation, or person or corporation
owning any railroad in this State, may sell, convey, and transfer
its property and franchises, or any part thereof, to any other
railroad corporation, whether organized under the laws of this State
or of any other state or territory, or under any act of Congress. The
railroad corporation receiving the conveyance may hold and operate
the railroad franchises and property within this State, build and
operate extensions and branches thereof, exercise the right of
eminent domain for such purposes, and do any other business in
connection therewith, as fully and effectually as if the corporation
was organized under the laws of this State.
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Questions & Answers: RailroadsCalifornia Laws: RailroadsU.S. Code Provisions: Railroads
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