GroundRules
Miss. Code Ann. § 77-9-121: Competing or parallel railroads shall not consolidate.
Where this section sits in the code
- Title 77. Public Utilities and Carriers
- Chapter 9. Railroads and Other Common Carriers
- Article 3. Railroads and Railroad Corporations.
- Incorporation and Consolidation of Railroad Corporations
Except as provided in Section 77-9-119, it shall be unlawful for any railroad company to consolidate with a parallel or competing railroad company, or to allow its affairs to be in any manner managed, regulated, or controlled by any such parallel or competing railroad company, or permit its affairs to be so managed, regulated, or controlled by the same person or persons who manage, regulate, or control the affairs of such competing or parallel railroad company, under penalty of the forfeiture of the charters and franchises of such company or companies; all persons, agents, or companies so offending shall be liable to the further penalty of ten thousand dollars ($10,000.00). It shall further be unlawful for competing railroad companies operating parallel lines of road within twenty (20) miles of each other to lease or purchase, directly or indirectly, the opposing line or any part thereof or any interest therein. Such contracts, no matter in whose name made, are hereby prohibited under the penalties provided in this section.
Collected 2026-10-27T05:54:18Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source