49 USC 24503: Officers

49 USC 24503: Officers Text contains those laws in effect on January 4, 1995

From Title 49-TRANSPORTATIONSUBTITLE V-RAIL PROGRAMSPART C-PASSENGER TRANSPORTATIONCHAPTER 245-AMTRAK COMMUTER

§24503. Officers

(a) Appointment and Terms.-Amtrak Commuter has a President and other officers that are named and appointed by the board of directors of Amtrak Commuter. An officer of Amtrak Commuter must be a citizen of the United States. Officers of Amtrak Commuter serve at the pleasure of the board.

(b) Pay.-The board may fix the pay of the officers of Amtrak Commuter. An officer may be paid not more than the general level of pay for officers of rail carriers with comparable responsibility.

(c) Conflicts of Interest.-When employed by Amtrak Commuter, an officer may not have a financial or employment relationship with a rail carrier, except that holding securities issued by a rail carrier is not deemed to be a violation of this subsection if the officer holding the securities makes a complete public disclosure of the holdings and does not participate in any decision directly affecting the rail carrier.

( Pub. L. 103–272, §1(e), July 5, 1994, 108 Stat. 921 .)

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
24503	45:582(b) (related to 45:543(d)).	Oct. 30, 1970, Pub. L. 91–518, 84 Stat. 1327 , §502(b) (related to §303(d)); added Aug. 13, 1981, Pub. L. 97–35, §1137, 95 Stat. 648 .

This section is substituted for 45:582(b) (related to 45:543(d)) for clarity and consistency in this part by restating 45:543(d).