Any person acquiring any railroad within this State by purchase, foreclosure, or otherwise shall organize under the provisions of this article and put into operation such road within sixty days from the purchase or acquisition thereof. The provisions of this section do not apply to acquisitions of railroads by merger or consolidation. HISTORY: 1962 Code Section 58-901; 1952 Code Section 58-901; 1942 Code Section 8277; 1932 Code Section 8222; Civ. C. '22 Section 4786; Civ. C. '12 Section 3117; Civ. C. '02 Section 2043; 1897 (22) 533; 1994 Act No. 479, Section 1, eff July 14, 1994.
South Carolina Legal Code