All street, suburban, and interurban railroad companies may lease or sell their roads, franchises, and other property to any other company created under the laws of this state for street, suburban, or interurban railroad purposes; and their franchises and property so sold shall remain liable, in the hands of the lessee or purchaser, for all debts or claims against the company making the conveyance. Nothing in this Code section shall be construed to authorize any such company to sell, lease, or otherwise dispose of any of its property or franchises so as to defeat or lessen competition or to encourage monopoly.
(Ga. L. 1890-91, p. 170, § 1; Civil Code 1895, § 2184; Civil Code 1910, § 2614; Code 1933, § 94-1013.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 19 Am. Jur. 2d, Corporations, §§ 2503, 2608, 2610, 2613, 2654, 2659. 65 Am. Jur. 2d, Railroads, §§ 198 et seq., 210 et seq., 224, 230 et seq.
C.J.S.- 19 C.J.S., Corporations, §§ 644-647, 794, 796. 74 C.J.S., Railroads, §§ 431, 436 et seq., 439 et seq., 447 et seq., 478 et seq., 485, 486.