None of the provisions of this chapter and none of the powers conferred upon the commission shall apply to any railroad, whether operated by an incorporated company or individual, which is operated in this state and which is regulated and governed by chapter 3 of this title.Acts 1919, ch. 49, § 3; Shan. Supp., § 3059a86; mod. Code 1932, § 5449; Acts 1939, ch. 130, § 1; C. Supp. 1950, § 5449; modified; T.C.A. (orig. ed.), § 65-402; Acts 1995, ch. 305, § 20.
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