45 U.S.C. § 1345 — Effect on contracts

submitted 40 years ago by Pub. L. 99-509 to r/title-45-RAILROADS · 31 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section preserves the Corporation’s duty to honor its transportation contracts and specified equipment agreements. The agreements remain governed by their own terms.

Nothing in this subchapter changes the Corporation’s obligation to perform its transportation contracts, equipment leases, equipment trusts, or conditional sales agreements according to their terms.

the actual law source: uscode.house.gov ↗public domain

Nothing in this subchapter shall affect any obligation of the Corporation to carry out its transportation contracts and equipment leases, equipment trusts, and conditional sales agreements, in accordance with their terms.

Source credit: (Pub. L. 99–509, title IV, § 4037, Oct. 21, 1986, 100 Stat. 1909.)

history & why it existsrecord from the source credit

1986Enacted · Pub. L. 99-509 · 100 Stat. 1909

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-509 on 1986-10-21.

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