Browse Arkansas Code titles and sections

45 U.S.C. § 903 — Sales and transfers

Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 903 — Sales and transfers

**(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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section920/b&num=0&edition=prelim), 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title49-section333&num=0&edition=prelim), 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title45-section920/b&num=0&edition=prelim), or April 1, 1980, whichever first occurs.

Source: Supplied U.S. Code snapshot — release unconfirmed · 45 U.S.C. § 903

Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.

Original supplied file — preserved unchanged

Download original Markdown file

File SHA-256: def774e88b087ceec6c952e97f9f7656db1f5d135e93e754b94f78b061e5ebdc. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.

Authority boundary: historical or unconfirmed source not current law verified.

Open the recorded source website ↗

Record provenance

Stable record: federal_law:legal_authorities:record_usc_a01c367dfe97d3261cc7084e
Source file: Laws/federal/codes/united-states-code/title-45/section-903-sales-and-transfers--c18a46dc72.md
Pages: Not recorded – Not recorded
Passage SHA-256: 492649f6dc28f1c2f8bd2bed24678c453f9f6d525ef8df01fad6f6675dd0f591

Source location: Title 45, Chapter 18, § 903; chapter-018-milwaukee-railroad-restructuring.md

Stored source content

Cross-references

Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.

Federal law — U.S. Code and appendices · legal_authorities

49 U.S.C. § 333 — Responsibility for rail transportation unification and coordination projects

**(a)** The Secretary of Transportation may develop and make available to interested persons any plans, proposals, and recommendations for mergers, consolidations, reorganizations, and other unification or coordination projects for rail transportation (including arrangements for joint use of tracks and other facilities and acquisition or sale of assets) that the Secretary believes will result in a rail system that is more efficient and consistent with the public interest. **(b)** To achieve a more efficient, economical, and viable rail system in the private sector, the Secretary, when requested by a rail carrier and under this section, may assist in planning, negotiating, and carrying out a unification or coordination of operations and facilities of at least 2 rail carriers. **(c)** (1) The Secretary may conduct studies to determine the potential cost savings and possible improvements in the quality of rail transportation that are likely to result from unification or coordination of at least 2 rail carriers, through— (A) elimination of duplicating or overlapping operations and facilities; (B) reducing switching operations; (C) using the shortest or more efficient and economical routes; (D) exchanging trackage rights; (E) combining trackage and terminal or other facilities; (F) upgrading tracks and other facilities used by at least 2 rail carriers; (G) reducing administrative and other expenses; and (H) other measures likely to reduce costs and improve rail transportation. (2) When the Secretary requests information for a study under this section, a rail carrier shall provide the information requested. In carrying out this section, the Secretary may designate an officer or employee to get from a rail carrier information on the kind, quality, o

Source: Supplied U.S. Code snapshot — release unconfirmed · 49 U.S.C. § 333

Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 903 — Sales and transfers

Page 225 TITLE 45—RAILROADS § 904 1 See References in Text note below. 2 So in original. Probably should be ‘‘interests’’. L. 104–88, set out as a note under section 1301 of Title 49.] § 902. Definitions As used in this chapter— (1) the term ‘‘bankruptcy court’’ means the court having jurisdiction over the reorganiza- tion of the Milwaukee Railroad; (2) the term ‘‘Board’’ means the Railroad Re- tirement Board; (3) the term ‘‘Commission’’ means the Inter- state Commerce Commission; (4) the term ‘‘employee’’— (A) includes any employee of the Mil- waukee Railroad who worked on a line of such railroad the sale of which became effec- tive on October 1, 1979; but (B) does not include any individual serving as president, vice-president, secretary, treas- urer, comptroller, counsel, member of the board of directors, or any other person per- forming such functions; (5) the term ‘‘Milwaukee Railroad’’ means the Chicago, Milwaukee, St. Paul and Pacific Railroad Company; and (6) the term ‘‘restructured Milwaukee Rail- road’’ means the entity that is designated as the reorganized railroad under the reorganiza- tion plan for the Milwaukee Railroad finally certified by the Commission. (Pub. L. 96–101, § 3, Nov. 4, 1979, 93 Stat. 736; Pub. L. 96–254, title I, § 123, May 30, 1980, 94 Stat. 409.) Editorial Notes AMENDMENTS 1980—Par. (6). Pub. L. 96–254 redefined ‘‘restructured Milwaukee Railroad’’ to mean the entity that is des- ignated as the reorganized railroad under the reorga- nization plan for the Milwaukee Railroad finally cer- tified by the Commission. Statutory Notes and Related Subsidiaries ABOLITION OF INTERSTATE COMMERCE COMMISSION AND TRANSFER OF FUNCTIONS Interstate Commerce Commission abolished and func- tions of Commission transferred, except as

Source: Supplied 2024 U.S. Code historical extraction · 45 U.S.C. § 903

Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.