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Tennessee Statutes, Title 65

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Tennessee/Statutes

← All Tennessee coverage

Title 65, Public Utilities and Carriers

37 chapters · 601 sections in this title.

All chapters in Title 65601 Ch 4, Regulation of Public Utilities by Co…61 Ch 13, Subterranean Transportation Infrastr…54 Ch 6, Railroads — Powers — Construction an…45 Ch 15, Motor Carriers35 Ch 29, Telephone Cooperatives34 Ch 25, Rural Electric and Community Service…33 Ch 3, Regulation of Railroads by Departmen…31 Ch 2, Procedure Before the Tennessee Publi…22 Ch 5, Regulation of Rates22 Ch 21, Telegraphs and Telephones22 Ch 10, Liens on Railroad Property20 Ch 31, Underground Utility Damage Preventio…20 Ch 28, Pipeline Corporations19 Ch 7, Subscription to Railroad Stock by Co…16

9 sections·Filtered byTitle 65✕Ch 9✕

Tenn. Code Ann. § 65-9-101 Power to consolidate
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Every railroad corporation existing in this state, and having authority to operate and maintain a railroad in this state, has the power to consolidate with any other railroad corporation whose road connects with or intersects the road of such existing corporation, or any branch o…
Tenn. Code Ann. § 65-9-102 Consolidation agreement
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The agreement of consolidation shall be in writing, and shall set forth the corporate name agreed upon, and the terms and conditions of the consolidation.
Tenn. Code Ann. § 65-9-103 Approval of stockholders
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The consolidation shall not have effect until the terms and conditions of the agreement shall have been approved by a majority of the stockholders of each of the consolidating companies, at a regular annual meeting.
Tenn. Code Ann. § 65-9-104 Agreement and evidence of approval recorded
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The agreement, together with the evidence of the stockholders' approval, shall be filed and recorded in the office of the secretary of state.

Tenn. Code Ann. § 65-9-105 Rights of creditors

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The rights of creditors of the consolidating companies shall not be affected or impaired by such consolidation.

Tenn. Code Ann. § 65-9-106 Rights and liabilities of consolidated corporation

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The corporation, formed by the consolidation of two (2) or more railroad corporations, shall have, possess, and exercise all the rights, powers, privileges, immunities, and franchises, and be subject to all the duties and obligations, not inconsistent with this chapter, conferred…

Tenn. Code Ann. § 65-9-107 Powers of consolidated corporation

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(1) The corporation shall have power to:(1) Fix the number of its directors and the time of their election;(2) Fix the number, names, and duties of its officers;(3) Pass bylaws for the government of the company, and the management of its affairs;(4) Create and divide its capital …

Tenn. Code Ann. § 65-9-108 Privileges and exemption from taxation not transferred

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No franchise, right, power, immunity, or exemption not granted at the time of consolidation by the laws of this state to the railway companies which may form part of such consolidated company shall be given to, transferred to, or conferred upon any such consolidated company, or c…

Tenn. Code Ann. § 65-9-109 Consolidation of proposed roads

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(a) It is lawful for any railroad corporation, existing in this state under a general law, that now has under construction, or proposes to construct and operate and maintain, a railroad for the transportation as common carrier of persons and freights, to consolidate with any othe…