---
title: O.C.G.A. § 46-8-346. Effect of sale on corporate existence, powers, and liabilities of company.
collection: code
id: 46-8-346
cite_as: O.C.G.A. § 46-8-346 (2025)
canonical_url: https://georgiacommons.org/code/46-8-346
md_url: https://georgiacommons.org/code/46-8-346.md
text_url: https://georgiacommons.org/code/46-8-346/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t46-(v34)-2025-pdf.pdf?sfvrsn=48adb3c4_0#page=782
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/46-8.md
previous: https://georgiacommons.org/code/46-8-345.md
next: https://georgiacommons.org/code/46-8-347.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / RAILROAD COMPANIES / STREET, SUBURBAN, AND INTERURBAN RAILROADS
---

# O.C.G.A. § 46-8-346. Effect of sale on corporate existence, powers, and liabilities of company.

Upon compliance with Code Sections 46-8-344 and 46-8-345, the electric street, suburban, or interurban railroad company shall be authorized to sell or otherwise dispose of its railroad and bus properties and franchises and to continue its corporate existence and the operation of its electric plants and properties for the sale and distribution of electricity for light, heat, and power purposes under its current charter to the date of expiration thereof, with all of the rights, powers, and liabilities which it previously exercised, in such manner as if no sale of such railroad and bus properties and franchises had been made.

## History

Ga. L. 1945, p. 260, § 3.