Canada at one time had a requirement that companies up there be controlled by a Canadian entity. That's one of the reasons GATX had GATX Rail Canada or UTLX had Procor.
This requirement was, to my knowledge, eliminated some time back although many companies retain the seperate corporate structure for internal purposes.
CW
As I remember it Texas required all RR's in Texas to have a Texas identification in their corporate name; but they could be controlled elsewhere like Santa Fe located in Chicago controlled the North Texas and Santa Fe or the Gulf, Colorado and Santa Fe.
Some states required railroads to be "located" in their state - Texas as a case in point.
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
They may be incorporated under the laws of one of the states but I would hardly consider them to be domestically owned. It works in the other direction, too. The BNSF line to Winnipeg was operated by a wholly-owned subsidiary incorporated under Canadian law.
Hence Grand Trunk..DWP..D&H had to have US Charters and management on paper..as I also recall GT had a division in Maine
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