§ 162. Acquisition and maintenance of railroad built, owned or operated by a corporation not organized under this chapter. No railroad corporation organized under subdivision three of section five of this chapter shall acquire, purchase or lease or maintain and operate a railroad already built, owned and operated by a corporation of this state not organized under the railroad law, unless the commissioner of transportation shall consent thereto.
Acquisition and maintenance of railroad built, owned or operated by a corporation not organized under this chapter
N.Y. Railroad Law § 162, under Consolidation, Lease, Sale and Reorganization.
N.Y. Railroad Law § 162