§ 922. Employee stock ownership plan for surviving portion of Milwaukee Railroad

177 words·~1 min read·/usc/title-45/section-922

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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. 96–101, § 26, Nov. 4, 1979, 93 Stat. 747.)

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Cited by 2 sections

statutes-at-large

Public Law 96–101
To provide for the orderly restructuring of the Milwaukee Railroad, and for the protection of the employees of such railroad

statute-compilations

Sec. 26
employee stock ownership plan for surviving portion of milwaukee railroad

Traces to 2 documents

U.S. Code

4 references not yet in our index

Pub. L. 96–101, § 26
93 Stat. 747
Pub. L. 91–663
84 Stat. 1975

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cites case law

§ 922

Employee stock ownership plan for surviving portion of Milwaukee Railroad

Stat. Comp.×1

Stat.×1

U.S.C.§ 920

U.S.C.§ 661

Pub. L.Pub. L. 96–101, § 26

Stat.93 Stat. 747

Pub. L.Pub. L. 91–663

Stat.84 Stat. 1975

Cites 6Cited by 2 across 2 sources