Title 45 — RailroadsRelease 119-73not60
§742 Powers and Duties of Corporation
Title 45 › Chapter 16— REGIONAL RAIL REORGANIZATION › Subchapter III— CONSOLIDATED RAIL CORPORATION › § 742
Summary
The Corporation must use the powers and duties given in this chapter and any powers from the state(s) where it is formed or from being a railroad in states it runs in, and it must buy the rail properties named in the final system plan, operate rail service on them, repair and modernize them, and keep rail service adequate and efficient, except as provided under sections 744(e) and 791(d)(3) of this title.
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 5, 2026
Release point: 119-73not60