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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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type title description jurisdiction corpus kind title_number title_name chapter_number chapter_name section citation status release_point release_date source source_url source_identifier source_file source_hash raw_snapshot_hash text_hash retrieved_at confidence tags
LegalText 45 U.S.C. § 1115 Redemption of stock us united_states_code code_section 45 RAILROADS 20 NORTHEAST RAIL SERVICE 1115 45 U.S.C. § 1115 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc45@119-100.zip /us/usc/t45/s1115 data/legal/raw/us/code/title-45/usc45.xml 15ea0316bc59a8adf017fde6e659d8524c2fdb3e876adab64ba576fa6e8852eb 6ff04cb352e22f8a18f24c94e9adb8036909cf2a75f41489d768a5934fb9667c 9a09e9c55bc12c4f9c764f426a0996105680677d13df022b95116d009b527fb7 2026-07-04 official
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45 U.S.C. § 1115 - Redemption of stock

Text

For the purpose of computing the amount for which certificates of value shall be redeemable under section 746 of this title, the series B preferred stock and the common stock conveyed to the Secretary under section 1107 11 See References in Text note below. of this title shall be deemed to be without fair market value unless in a proceeding brought under section 1105(a)(4) of this title the special court shall have determined that such securities had a value and shall have entered a judgment against the United States for that value. In such an event, the securities shall for purposes of section 746 of this title be deemed to have that value found by the special court.

(Pub. L. 9735, title XI, § 1167(b), Aug. 13, 1981, 95 Stat. 686.)

Notes

Editorial Notes

References in TextSection 1107 of this title, referred to in text, was repealed by Pub. L. 99509, title IV, § 4033(c)(1)(C)(i)(I), Oct. 21, 1986, 100 Stat. 1908.

Codification Section is comprised of subsec. (b) of section 1167 of Pub. L. 9735. Subsec. (a) of section 1167 amended section 743 of this title. Subsec. (c) of section 1167, which was set out as subsec. (b) of this section and which provided that the clerk of the special court convey to the Secretary certain series B preferred stock and common stock of Conrail on deposit with the court, and authorized the Secretary to hold and exercise all rights to such Conrail securities, was repealed by Pub. L. 99509, title IV, § 4033(c)(1)(C)(i)(IV), Oct. 21, 1986, 100 Stat. 1908.