49 U.S.C. § 24304
Employee stock ownership plans
In issuing stock pursuant to applicable corporate law, Amtrak is encouraged to include employee stock ownership plans.
Notes of Decisions
Cited in 1
case, 2016–2016 · leading case: Am. Premier Underwriters, Inc. v. Nat'l R.R. Passenger Corp., 839 F.3d 458 (6th Cir. 2016).
Am. Premier Underwriters, Inc. v. Nat'l R.R. Passenger Corp., 839 F.3d 458 (6th Cir. 2016). “Under § 415(b) of the Amtrak Reform and Accountability Act of 1997 (ARAA), 49 U.S.C. § 24304 note, Amtrak was required to redeem all of its stock held by APU at fair market value by October 1,2002.”
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