2011 US Code
Title 45 - Railroads
Chapter 18 - MILWAUKEE RAILROAD RESTRUCTURING (§§ 901 - 922)
Section 922 - Employee stock ownership plan for surviving portion of Milwaukee Railroad
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 45 - RAILROADS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 45 - RAILROADS CHAPTER 18 - MILWAUKEE RAILROAD RESTRUCTURING Sec. 922 - Employee stock ownership plan for surviving portion of Milwaukee Railroad |
| Contains | section 922 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 96-101, §26, Nov. 4, 1979, 93 Stat. 747. |
| Statutes at Large References | 84 Stat. 1975 93 Stat. 747 |
| Public Law References | Public Law 91-663, Public Law 96-101 |
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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 TextThe 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.
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