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49 U.S.C. § 24304 — Employee stock ownership plans

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

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.

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Stable record: federal_law:legal_authorities:record_usc_d4008a44d2cb3fa3b40fc580
Source file: Laws/federal/codes/united-states-code/title-49/section-24304-employee-stock-ownership-plans--74c11569f7.md
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Source location: Title 49, Chapter 243, § 24304; chapter-243-amtrak.md

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In issuing stock pursuant to applicable corporate law, Amtrak is encouraged to include employee stock ownership plans.

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

45 U.S.C. § 541 to 548 — Repealed. Pub. L. 103–272, § 7(b), July 5, 1994, 108 Stat. 1379

### Statutory Notes Section 541, Pub. L. 91–518, title III, § 301, Oct. 30, 1970, 84 Stat. 1330; Pub. L. 95–421, § 11, Oct. 5, 1978, 92 Stat. 928; Pub. L. 97–35, title XI, § 1188(a), Aug. 13, 1981, 95 Stat. 699; Pub. L. 100–342, § 18(a), June 22, 1988, 102 Stat. 636, authorized establishment of National Railroad Passenger Corporation. See sections 24101 and 24301 of Title 49, Transportation. Section 542, Pub. L. 91–518, title III, § 302, Oct. 30, 1970, 84 Stat. 1330, related to Presidential appointment of incorporators to establish National Railroad Passenger Corporation. Section 543, Pub. L. 91–518, title III, § 303, Oct. 30, 1970, 84 Stat. 1330; Pub. L. 92–316, § 1(a), June 22, 1972, 86 Stat. 227; Pub. L. 93–146, § 3(a), Nov. 3, 1973, 87 Stat. 548; Pub. L. 94–25, § 2, May 26, 1975, 89 Stat. 90; Pub. L. 94–210, title VII, § 706(f), formerly § 705(f), Feb. 5, 1976, 90 Stat. 124, renumbered Pub. L. 96–254, title II, § 206(a), May 30, 1980, 94 Stat. 412; Pub. L. 94–555, title I, § 103, Oct. 19, 1976, 90 Stat. 2615; Pub. L. 97–35, title XI, § 1174(a), Aug. 13, 1981, 95 Stat. 689; Pub. L. 97–216, title I, § 101, July 18, 1982, 96 Stat. 187; Pub. L. 100–342, § 18(b), (c), June 22, 1988, 102 Stat. 636, related to board of directors, officers, bylaws, and stock voting rights of National Railroad Passenger Corporation. See sections 24302 and 24303 of Title 49, Transportation. Section 544, Pub. L. 91–518, title III, § 304, Oct. 30, 1970, 84 Stat. 1331; Pub. L. 93–496, § 2, Oct. 28, 1974, 88 Stat. 1526; Pub. L. 97–35, title XI, § 1175, Aug. 13, 1981, 95 Stat. 691; Pub. L. 99–272, title IV, § 4003, Apr. 7, 1986, 100 Stat. 107; Pub. L. 102–533, § 5, Oct. 27, 1992, 106 Stat. 3517, related to issuance by National Railroad Passenger Corporation of stock, bonds, and other certifica

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

49 U.S.C. § 24304 — Employee stock ownership plans

Page 677 TITLE 49—TRANSPORTATION § 24304 balanced representation of the major geographic re- gions of the United States served by Amtrak’’. Subsec. (a)(4) to (6). Pub. L. 117–58, § 22202(a)(4), added pars. (4) to (6) and struck out former par. (4) which read as follows: ‘‘The Board shall elect a chairman and a vice chairman, other than the President of Amtrak, from among its membership. The vice chairman shall serve as chairman in the absence of the chairman.’’ Former par. (5) redesignated (7). Subsec. (a)(7). Pub. L. 117–58, § 22202(a)(3), redesig- nated par. (5) as (7). 2015—Subsec. (a)(1). Pub. L. 114–94, § 11205(1)(A), sub- stituted ‘‘10 directors’’ for ‘‘9 directors’’. Subsec. (a)(1)(B). Pub. L. 114–94, § 11205(1)(B), inserted ‘‘, who shall serve as a nonvoting member of the Board’’ after ‘‘Amtrak’’. Subsec. (a)(1)(C). Pub. L. 114–94, § 11205(1)(C), sub- stituted ‘‘8’’ for ‘‘7’’. Subsec. (e). Pub. L. 114–94, § 11205(2), inserted ‘‘who are eligible to vote’’ after ‘‘serving’’. 2008—Pub. L. 110–432 amended section generally. Prior to amendment, section related, in subsec. (a), to estab- lishment, duties, membership, and confirmation proce- dure of Reform Board, in subsec. (b), to selection of the Board of Directors, and in subsec. (c), to authority of Reform Board to recommend to Congress a plan to im- plement transfer of Amtrak’s infrastructure assets and responsibilities to a new separately governed corpora- tion. 1997—Pub. L. 105–134 amended section generally. Prior to amendment, section related, in subsec. (a), to com- position and terms of Amtrak board of directors, in subsec. (b), to cumulative voting by stockholders, in subsec. (c), to conflicts of interest of directors, in sub- sec. (d), to pay and expenses of directors, in subsec. (e)

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