U.S. Code » Title 45 » Chapter CHAPTER 18— MILWAUKEE RAILROAD RESTRUCTURING

45 U.S.C. § 903

Sales and transfers

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(a) The Milwaukee Railroad may negotiate and enter into agreements to sell, to another rail carrier or any other person, all or any portion of its rail properties used in railroad operations as of October 15, 1979. Such sale agreements may in no event become final and effective until the occurrence of an event described in section 920(b) of this title, or April 1, 1980, whichever first occurs. In taking action under this subsection, the Milwaukee Railroad may consult with the Secretary of Transportation.(b)(1) The Secretary of Transportation, under the authority of section 333 of title 49, may develop plans, participate in negotiations, and recommend to the trustee proposals for the sale or transfer of any rail properties of the Milwaukee Railroad which are used in rail operations as of October 15, 1979. In taking action under this paragraph, the Secretary shall give preference to financially responsible persons, including governmental entities, negotiating for the purchase of any lines with the intent of providing common carrier service.(2) Any sale or transfer proposal developed under paragraph (1) of this subsection shall be submitted to the bankruptcy court. Such a proposal may in no event become final or effective until the occurrence of an event described in section 920(b) of this title, or April 1, 1980, whichever first occurs.(Pub. L. 96–101, § 4, Nov. 4, 1979, 93 Stat. 737.)Editorial NotesCodification

In subsec. (b)(1), “section 333 of title 49” was substituted for “section 5(a)–(e) of the Department of Transportation Act [49 U.S.C. 1654(a)–(e)]”, on authority of Pub. L. 97–449, § 6(b), Jan. 12, 1983, 96 Stat. 2443, the first section of which enacted subtitle I (§ 101 et seq.) and chapter 31 (§ 3101 et seq.) of subtitle II of Title 49, Transportation.

Notes of Decisions
Cited in 3 cases, 1981–1996 · leading case: Brown v. State, 924 P.2d 908 (Wash. 1996).
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Brown v. State, 924 P.2d 908 (Wash. 1996). · cites it 2× “45 U.S.C.A. § 903 (a). By April 1980, no reorganization plan had been put forward, and the reorganization court authorized immediate abandonment but ordered: the Trustee to fully pursue all possibilities for sale of portions of these lines for continued rail operation or other…”
Brown v. State, 924 P.2d 908 (Wash. 1996). · cites it 2× “45 U.S.C.A. § 903 (a). By April 1980, no reorganization plan had been put forward, and the reorganization court authorized immediate abandonment but ordered: the Trustee to fully pursue all possibilities for sale of portions of these lines for continued rail operation or other…”
In re Chicago, Milwaukee, St. Paul & Pac. R.R., 658 F.2d 1149 (7th Cir. 1981). “” Further, MRRA Section 4, 45 U.S.C. § 903 (Supp. Ill 1979), provides for sales by the trustee to “another rail carrier or any other person .”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.