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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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LegalText 45 U.S.C. § 922 Employee stock ownership plan for surviving portion of Milwaukee Railroad us united_states_code code_section 45 RAILROADS 18 MILWAUKEE RAILROAD RESTRUCTURING 922 45 U.S.C. § 922 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/s922 data/legal/raw/us/code/title-45/usc45.xml ed18cb218018e1fe795628d8a59b7936278bbf8e51fcb45f657b6a0a09bce81f 6ff04cb352e22f8a18f24c94e9adb8036909cf2a75f41489d768a5934fb9667c 5715df0133b9f72341d9b349d1b4c10fe5c5232404b0f7248fbf8771991ecace 2026-07-04 official
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45 U.S.C. § 922 - Employee stock ownership plan for surviving portion of Milwaukee Railroad

Text

If an event described in section 920(b) of this title occurs, resulting in the survival of less than the entire Milwaukee Railroad system, then any relief provided for such surviving Milwaukee Railroad system under the Emergency Rail Services Act of 1970 [45 U.S.C. 661 et seq.] or any other Federal legislation shall be conditioned upon good faith efforts by the trustee or the Milwaukee Railroad, or both, to establish an employee stock ownership plan which shall embrace the purchase or acquisition of qualifying employer securities of the Milwaukee Railroad equal in value to 25 per centum of the amount of such relief provided.

(Pub. L. 96101, § 26, Nov. 4, 1979, 93 Stat. 747.)

Notes

Editorial Notes

References in TextThe Emergency Rail Services Act of 1970, referred to in text, is Pub. L. 91663, Jan. 8, 1971, 84 Stat. 1975, which is classified generally to chapter 15 (§ 661 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 661 of this title and Tables.