Title 45 — RailroadsRelease 119-73

§742 Powers and duties of Corporation

Title 45 › Chapter CHAPTER 16— - REGIONAL RAIL REORGANIZATION › Subchapter SUBCHAPTER III— - CONSOLIDATED RAIL CORPORATION › § 742

Last updated Apr 6, 2026|Official source

Summary

Gives the Corporation the powers and duties in this chapter, plus any state powers where it’s incorporated and the powers of a railroad where it operates. It can acquire listed rail properties, operate them (except under sections 744(e) and 791(d)(3)), repair and modernize them, and keep rail service adequate.

Full Legal Text

Title 45, §742

Railroads — Source: USLM XML via OLRC

The Corporation shall have all of the powers and is subject to all of the duties vested in it under this chapter, in addition to the powers conferred upon it under the laws of the State or States in which it is incorporated and the powers of a railroad in any State in which it operates. The Corporation is authorized and directed to—

(a)acquire rail properties designated in the final system plan to be transferred or conveyed to it;

(b)operate rail service over such rail properties except as provided under section 744(e) and 791(d)(3) of this title;

(c)rehabilitate, improve, and modernize such rail properties; and

(d)maintain adequate and efficient rail services.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Abolition of United States Railway Association and

Transfer of Functions

and Securities See section 1341 of this title.

Reference

Citations & Metadata

Citation

45 U.S.C. § 742

Title 45 — Railroads

Last Updated

Apr 6, 2026

Release point: 119-73