Application; domestic railroad corporations

Sec. 3.1. (a) This article applies to a domestic railroad corporation incorporated before July 1, 1990, if: (1) the corporation's board of directors adopts a resolution electing to have this article apply to the corporation; (2) the resolution specifies the date this article will apply to the corporation; and (3) the resolution is filed in the office of the secretary of state before the date specified under subdivision (2). (b) The following do not apply to a railroad corporation incorporated under this article: (1) IC 8-4-1-1 through IC 8-4-1-12. (2) IC 8-4-2 through IC 8-4-6. (3) IC 8-4-8. (4) IC 8-4-11-1. (5) IC 8-4-12-6. (6) IC 8-4-13 through IC 8-4-14. (7) IC 8-4-16. (8) IC 8-4-21 through IC 8-4-22. (9) IC 8-4-24. (c) Unless otherwise specified in a resolution described under subsection (a), a reference to a statute listed under subsection (b) that is contained in the articles of association of a railroad corporation incorporated under this article shall be treated as a reference to the Indiana Business Corporation Law (IC 23-1). (d) A reference in a statute, other than a statute listed under subsection (b), to a railroad incorporated under a statute listed under subsection (b) shall be considered to include a railroad corporation to which this article applies.