45 USC Ch. 22: Front Matter
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45 USC Ch. 22: Front Matter
From Title 45-RAILROADSCHAPTER 22-CONRAIL PRIVATIZATION
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CHAPTER 22-CONRAIL PRIVATIZATION

SUBCHAPTER I-GENERAL PROVISIONS

Sec.
1301.
Findings.
1302.
Purposes.
1303.
Definitions.

        

SUBCHAPTER II-CONRAIL

Part A-Sale of Conrail

1311.
Preparation for public offering.
(a)
Public offering managers.
(b)
Payment to United States.
(c)
Registration statement.
1312.
Public offering.
(a)
Structure of public offering.
(b)
Subsequent sales.
(c)
Consent of Corporation not required.
(d)
Authority to require stock splits.
(e)
Cancellation of other securities held by United States.
(f)
Minority investment banking firms.
(g)
Investment banking firm requirements.
(h)
General Accounting Office authority to conduct audits.
1313.
Fees.
(a)
Investment banking firm fees.
(b)
Costs of public offering.

        

Part B-Other Matters Relating to Sale

1321.
Rail service obligations.
(a)
Obligations of Corporation.
(b)
Compliance certificates.
1322.
Ownership limitations.
(a)
General.
(b)
Railroads.
1323.
Board of Directors.
1324.
Certain enforcement relief.
(a)
Enforcement actions.
(b)
Special court.

        

Part C-Miscellaneous Provisions

1341.
Abolition of United States Railway Association.
(a)
Abolition and termination.
(b)
Transfer of securities and responsibilities.
(c)
Financing agreement.
1342.
Exemption from liability.
(a)
In general.
(b)
Exception.
1343.
Charter amendment.
1344.
Status of Conrail after sale.
1345.
Effect on contracts.
1346.
Resolution of certain issues.
(a)
Employee issues.
(b)
Corporation actions.
(c)
Right to sue withdrawn.
1347.
Tax treatment of Conrail public sale.
(a)
Treatment as new corporation.
(b)
No income from cancellation of debt or preferred stock.
(c)
Disallowance of certain deductions.
(d)
Waiver of certain employee stock ownership plan provisions.
(e)
Definitions.

        

Chapter Referred to in Other Sections

This chapter is referred to in sections 702, 741, 1116, 1347 of this title.