Railroad corporations may be formed by the voluntary association of any five or more persons, in the manner prescribed in this chapter. Such persons must be citizens of the United States.
History: Laws 1878, ch. 1, ch. [tit.] 1, § 1; C.L. 1884, § 2622; C.L. 1897, § 3804; Code 1915, § 4653; C.S. 1929, § 116-101; 1941 Comp., § 74-101; 1953 Comp., § 69-1-1.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Compiler's notes. — Laws 1878, ch. 1, consisted of nine chapters with the word "title" appearing before each chapter designation in the printed act. A bracketed abbreviation reflecting the title designation has been inserted in the respective history notes.
The term "this chapter" refers to Laws 1878, ch. 1, ch. (tit.) 1, the provisions of which are presently compiled as 63-1-1 to 63-1-8 NMSA 1978.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 18A Am. Jur. 2d Corporations §§ 186 to 198; 65 Am. Jur. 2d Railroads §§ 8 to 13.
74 C.J.S. Railroads §§ 7, 8.