45 U.S.C. § 1302
Purposes
The purposes of this chapter are to transfer the interest of the United States in the common stock of the Corporation to the private sector in a manner that provides for the long-term viability of the Corporation, provides for the continuation by the Corporation of its rail service in the Northeast and Midwest, provides for the protection of the public interest in a sound rail transportation system, and, to the extent not inconsistent with such purposes, secures the maximum proceeds to the United States.
Notes of Decisions
Cited in 1
case, 1996–1996 · leading case: Consol. Rail Corp. v. Commonwealth, 670 A.2d 722 (Pa. Commw. Ct. 1996).
Consol. Rail Corp. v. Commonwealth, 670 A.2d 722 (Pa. Commw. Ct. 1996). “45 U.S.C. § 1302 . Under Section 1347 of the Act, after the public sale, Conrad was to be treated, for federal tax purposes, as a new corporation that had purchased ad of its assets the day after the date of the public sale of its stock.”
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