{"data":{"id":"us-in/ic-8-4-12-3","jurisdiction":"us-in","citation":"IC 8-4-12-3","heading":"Payment of appraised value; disposition","body":"Sec. 3. The money so paid, as is provided in section 2 of this chapter, shall be held by such treasurer in trust for the payment, firstly, of the debts of such old company; and, secondly, the balance, if any, shall be equitably distributed among the stockholders thereof.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 4. ORGANIZATION AND OPERATION OF RAILROADS","Chapter 12. Abandonment of Certain Railroads"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-4-12-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"1581b270fab10a99c6f1f137c9694874443559d7fabc5022fd44429e65c4b6a2","source_id":"us-in","stale":false,"prev":"us-in/ic-8-4-12-2","next":"us-in/ic-8-4-12-4"},"notice":"GroundRules: Original legal text. Not legal advice."}