§ 58-17-610 Merger or consolidation with continuous or connected railroad authorized
§ 58-17-620 Procedure for consolidation
§ 58-17-630 Consolidation fees
§ 58-17-640 New charter shall be issued to consolidated company; no additional fee shall be charged
§ 58-17-650 Procedure for assessment of damages of dissenting stockholder
§ 58-17-660 Rights, duties and the like of consolidated corporation
§ 58-17-670 Transfer of rights, liabilities and the like to consolidated corporation
§ 58-17-680 Consolidated corporation shall not acquire greater rights than those of consolidating corporations
§ 58-17-690 Consolidated corporation shall establish offices
§ 58-17-700 Liability of consolidated corporation to suits
§ 58-17-710 Property of consolidated corporation subject to taxation
§ 58-17-720 Consolidations and the like of competing railroads prohibited
§ 58-17-730 Certain consolidations with companies of other states not authorized
§ 58-17-740 Purchase of connecting railroad sold under mortgage, deed of trust or judicial process
§ 58-17-750 Purchase or guarantee of bonds and stock of other companies; purchase, use or lease of other roads
§ 58-17-760 Ownership of stock or bonds of connecting railroad or steamboat company
§ 58-17-770 Ownership of stock or company controlling stock of competing railroad prohibited; dissolution
§ 58-17-780 Penalty for owning, leasing or operating competing lines

Terms Used In South Carolina Code > Title 58 > Chapter 17 > Article 5 - Consolidation or Acquisition of Railroad Companies or Interests

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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.
  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.