45 U.S.C. § 922 : US Code - Section 922: Employee stock ownership plan for surviving portion of Milwaukee Railroad
Search 45 U.S.C. § 922 : US Code - Section 922: Employee stock ownership plan for surviving portion of Milwaukee Railroad
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.
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