§ 7529 Railroad Lease Agreements

Public Utilities Code·California

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Key Takeaways

•Railroad companies in this state can make deals with each other.
•They can rent out their whole railroad or just parts of it to another company.
•They can also agree to share and use the same railroad tracks together.

Example

Two railroad companies, Company A and Company B, want to work together.

Company A can rent its railroad tracks to Company B, or they can agree to both use the same tracks at the same time. This helps them save money and work better together.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 7529 Railroad Lease Agreements

Railroad corporations doing business in this State and organized under any law of this State or the United States, or of any state or territory thereof, may enter into contracts with one another, whereby the one may lease of the other the whole or any part of its railroad, or may acquire of the other the right to use, in common with it, the whole or any part of its railroad. (Enacted by Stats. 1951, Ch. 764.)

Last verified: January 23, 2026

Key Terms

contract corporation road lease united states

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 7529.

Key Takeaways

Example

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Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References