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45 U.S.C. § 922Employee stock ownership plan for surviving portion of Milwaukee Railroad

submitted 47 years ago by Pub. L. 96-101 to r/title-45-RAILROADS · 104 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

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

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.

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

history & why it existsrecord from the source credit
  • 1979Enacted · Pub. L. 96-101 · 93 Stat. 747

A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-101 on 1979-11-04.

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