{"data":{"id":"us-nc/n.c.-gen.-stat.-124-12","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 124-12","heading":"Powers of a State-owned railroad company.","body":"A State-owned railroad company shall have, in addition to the powers of any railroad corporation, the power to:\n(1)\tLease, license, or improve property. - A State-owned railroad company may lease, license, or improve its right-of-way and property, whether held by easement, presumptive grant, express grant, or otherwise, for the purpose of preserving and protecting its railroad corridor and franchise.\n(2)\tCondemnation in fee simple. - A State-owned railroad company may exercise the power of eminent domain to acquire property in fee simple for the purposes specified in G.S. 40A-3(a)(4). The procedures of Article 2 of Chapter 40A of the General Statutes shall apply to the exercise of the power of eminent domain under this subdivision. (2000-146, s. 7.)","path":["Chapter 124. Internal Improvements.","Article 2. State-Owned Railroad Company."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_124/GS_124-12.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:19:47Z","sha256":"dd8c45dab72e7da4cd8c82f8d1eeb17a9bedcb583c702a10a295f24312f3b47c","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-124-11","next":"us-nc/n.c.-gen.-stat.-124-13"},"notice":"GroundRules: Original legal text. Not legal advice."}