La. Stat. tit. 45 § 613
Current with changes from the 2024 Legislative Session
Any railroad company in Louisiana may sell or lease its railroad, property and franchises, to any other railroad company, whether the lines of the contracting companies form in their operation connecting or continuous lines of railroad by bridge, ferry, or otherwise. But the railroads of the contracting companies shall not be parallel and competing lines.
La. R.S. § 45:613