Illinois Compiled Statutes 610 ILCS 15 — Railroad Stock Transfer Act.

Short title

Short title. This Act may be cited as the Railroad Stock Transfer Act. (Source: P.A. 86-1324.)

Each and every railroad corporation, organized or doing business in this state, under the laws or authority thereof, shall have and maintain a public office, or place in this state for the transaction of its business, where transfers of shares of its stock shall be made by such railroad corporation, upon the request of…

This Act does not apply to railroads incorporated after July 1, 1985, or to railroads which are reincorporated under the Business Corporation Act of 1983, as amended

This Act does not apply to railroads incorporated after July 1, 1985, or to railroads which are reincorporated under the Business Corporation Act of 1983, as amended. (Source: P.A. 84-796.)

For every year that any such railroad corporation fails to comply with the provisions of Section 1 it shall be guilty of a business offense and shall be fined not less than $4,000

For every year that any such railroad corporation fails to comply with the provisions of Section 1 it shall be guilty of a business offense and shall be fined not less than $4,000. In all cases under this act either party shall have the right of trial by jury. (Source: P.A. 77-2197.)

The fines hereinbefore provided for, may be recovered in an ordinary civil action in the name of the People of the State of Illinois

The fines hereinbefore provided for, may be recovered in an ordinary civil action in the name of the People of the State of Illinois. (Source: Laws 1935, p. 1112.)

The Illinois Commerce Commission shall investigate and ascertain whether the provisions of this act are violated by any railroad corporation

The Illinois Commerce Commission shall investigate and ascertain whether the provisions of this act are violated by any railroad corporation. Whenever the facts warrant prosecution, the commission shall immediately cause suits to be commenced and prosecuted against any railroad corporation which has violated the provis…

All fines recovered under the provisions of this act shall be paid into the county treasury of the county in which the suit is tried, by the person collecting the same, in the manner now provided by law, to be used for county purposes. (Source: Laws 1883, p. 128.)