Binding date of purchase at judicial sale

La. Rev. Stat. § 45:619, under Public Utilities and Carriers.

La. Rev. Stat. § 45:619

§619. Binding date of purchase at judicial sale Any purchase at judicial sale by any railway corporation approved by two-thirds of the capital stock of such purchasing company in a stockholders' meeting, duly convened and held, is valid and binding from the date of the purchase.