45-U.S.C.-922

§922 – Employee Stock Ownership Plan For Surviving Portion of Milwaukee Railroad

Pathway

Title 45 > Chapter 18 > Section 922

Details

• Reference: Section 922
• Legend: §922 – Employee Stock Ownership Plan For Surviving Portion of Milwaukee Railroad
• USCode Year: 2013

Provision Content

If an event described in section 920(b) of this title occurs, resulting in the survival of less than the entire Milwaukee Railroad system, then any relief provided for such surviving Milwaukee Railroad system under the Emergency Rail Services Act of 1970 [45 U.S.C. 661 et seq.] or any other Federal legislation shall be conditioned upon good faith efforts by the trustee or the Milwaukee Railroad, or both, to establish an employee stock ownership plan which shall embrace the purchase or acquisition of qualifying employer securities of the Milwaukee Railroad equal in value to 25 per centum of the amount of such relief provided.

(Pub. L. 96–101, §26, Nov. 4, 1979, 93 Stat. 747.)

References in Text

The Emergency Rail Services Act of 1970, referred to in text, is Pub. L. 91–663, Jan. 8, 1971, 84 Stat. 1975, as amended, which is classified generally to chapter 15 (§661 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 661 of this title and Tables.

U.S. Encyclopedia of Law Coverage

45-U.S.C.-905 in the Legal Encyclopedia: Railroads

In this entry about 45-U.S.C.-905, find legal reference material, bibliographies and premiere content related to railroads in the American Encyclopedia of Law, presenting a comprehensive view of the United States railroads-specific issues, written by authorities in the field.

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