2007 Minnesota Statutes

222.06 PROPERTY TRANSACTION BETWEEN COMPETITORS; PENALTIES.
Any domestic or foreign railroad corporation may lease, purchase, or in any other way
become the owner of, or may control or hold the stock of any other railroad company, when
their respective roads can be lawfully connected and operated together, so as to constitute one
continuous line, with or without branches. When such lease or purchase shall be made by a
foreign corporation it shall not be effectual for any purpose until such corporation shall have first
complied with all the laws of this state pertaining to such corporation, when it shall have the same
rights, powers, privileges, and be subject to the same duties, obligations, and liabilities in respect
to the railroad so leased or purchased, as pertained to such road. The corporation so leasing or
purchasing shall be subject to any law of this state now in force or hereafter enacted relating to
the taxation of the properties so leased or purchased. No railroad corporation shall consolidate
with, lease, or purchase, or in any way become the owner or have the control of any other railroad
corporation, or any of the stock or franchises thereof, which owns or controls a railroad parallel to
and competing with the railroad owned or controlled by such leasing or purchasing corporation;
nor shall any railroad corporation purchase or in any way become the owner of any property
owned and operated by any other railroad corporation as a part of a railroad which is parallel and
competing to and with the railroad of such purchasing company; and the question whether any of
such railroads are parallel or competing lines shall, at the election of the party complaining, be
decided by a jury as in civil cases. Any railroad corporation which shall consolidate with, lease,
or purchase, or in any other way become the owner or acquire the control of any other railroad
corporation, or any of the stock or franchises thereof, which owns or controls a railroad parallel
and competing with the railroad owned or controlled by such leasing or purchasing railroad
corporation, shall be guilty of a misdemeanor; and, upon conviction thereof, punished by a fine of
not less than $3,000, nor more than $35,000; and any officer of the leasing or purchasing company
who shall aid, abet, or participate in any violation of this section shall be guilty of a misdemeanor.
History: (7506) RL s 2895; 1907 c 395 s 1; 1984 c 628 art 3 s 11