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Abandonment of Railways Act, 1850
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On abandonment of the whole railway, powers of company to cease.

29. After the granting of any such warrant as aforesaid for the abandonment of the whole railway of any railway company, the powers of such company for the construction, maintenance, and management of such railway shall cease, and such company shall continue to exist only for the purpose of winding up their affairs,

[Ss. 30–33 (empowering any shareholder after grant of a warrant of abandonment of the whole railway to present a petition to wind up the company in England or Ireland, and to sequestrate the company in Scotland) rep. 32 & 33 Vict. c. 114. s. 10.]