Title 45, RailroadsRelease 119-102
§1302 Purposes
Title 45 › CHAPTER 22 — CONRAIL PRIVATIZATION › SUBCHAPTER I — GENERAL PROVISIONS › § 1302
Summary
Transfer U.S. ownership of the Corporation's common stock to private hands, keep the company and Northeast/Midwest rail service viable, protect the public interest, and, when consistent, maximize proceeds to the U.S.
Full Legal Text
Title 45, §1302
Railroads, Source: USLM XML via OLRC
The purposes of this chapter are to transfer the interest of the United States in the common stock of the Corporation to the private sector in a manner that provides for the long-term viability of the Corporation, provides for the continuation by the Corporation of its rail service in the Northeast and Midwest, provides for the protection of the public interest in a sound rail transportation system, and, to the extent not inconsistent with such purposes, secures the maximum proceeds to the United States.
Reference
Citations & Metadata
Citation
45 U.S.C. § 1302
Title 45, Railroads
Last Updated
Aug 21, 2026
Release point: 119-102