TITLE XXXIV
PUBLIC UTILITIES

CHAPTER 367
FORMATION AND UNION OF RAILROAD CORPORATIONS; LEASES AND EXTENSIONS

Dissenting Stockholders

Section 367:40

    367:40 Hiring Money. – A corporation may borrow money to settle with its dissenting stockholders; provided, that its indebtedness is not thereby increased beyond the limit authorized by law.

Source. PS 156:40. PL 246:38. RL 296:38.