Section 32-23-11-8 - Sale of railroad's interest(a) A right-of-way is not considered abandoned if the following conditions are met: (1) The railroad sells the railroad's rights in the right-of-way before abandoning the right-of-way.(2) The purchaser of the railroad's rights in the right-of-way is not a railroad.(3) The purchaser purchases the right-of-way for use by the purchaser to transport goods or materials by rail.(b) A railroad may discontinue rail service on the right-of-way without abandoning the right-of-way.Pre-2002 Recodification Citation: 32-5-12-8.
As added by P.L. 2-2002, SEC.8.