Sec. 1167. technical amendments
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/statute-compilations/comps-10576/sec-1167A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 1167 technical amendments ###
(a)Section 303(c) of the Regional Rail Reorganization Act of 1978 (45 U.S.C. 743(c)) is amended by striking the following wherever they appear: “securities,”; “securities and”; “at least one share of series B preferred stock and”; “other securities of the Corporation or”; and “securities or”. ###
(b)For the purpose of computing the amount for which certificates of value shall be redeemable under section 306 of the Regional Rail Reorganization Act of 1973 (45 U.S.C. 746), the series B preferred stock and the common stock conveyed to the Secretary under section 115432 of this subtitle shall be deemed to be without fair market value unless in a proceeding brought under section 1152(a)(4) of this subtitle 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 306 of the Regional Rail Reorganization Act of 1973 (45 U.S.C. 746) be deemed to have that value found by the special court. 32Section 1154 was repealed by section 4033(c)(1)(C)(i)(I) of Public Law 99–509 (100 Stat. 1908).
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- Pub. L. 99-509
- 100 Stat. 1908
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