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49 U.S.C. § 24304 — Employee stock ownership plans
submitted 32 years ago by Pub. L. 103-272 to r/title-49-TRANSPORTATION · 17 words · no verdicts yet
in plain englishAI-generated · not legal advice
When Amtrak issues stock, the law encourages it to include a plan letting employees own shares.
When Amtrak issues stock under the corporate laws that apply to it, this section encourages Amtrak to include employee stock ownership plans as part of that stock issuance. It is an encouragement, not a strict requirement.
the actual law source: uscode.house.gov ↗public domain
In issuing stock pursuant to applicable corporate law, Amtrak is encouraged to include employee stock ownership plans.
Source credit: (Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 908; Pub. L. 105–134, title IV, § 415(a)(1), Dec. 2, 1997, 111 Stat. 2590.)
history & why it existsrecord from the source credit
- 1994Enacted · Pub. L. 103-272 · 108 Stat. 908
- 1997Amended · Pub. L. 105-134 · 111 Stat. 2590
A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-272 on 1994-07-05.
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