45 U.S.C. § 1115 : US Code - Section 1115: Redemption of stock

Search 45 U.S.C. § 1115 : US Code - Section 1115: Redemption of stock

For the purpose of computing the amount for which certificates of
value shall be redeemable under section 746 of this title, the
series B preferred stock and the common stock conveyed to the
Secretary under section 1107 (!1) of this title shall be deemed to
be without fair market value unless in a proceeding brought under
section 1105(a)(4) of this title 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 746 of this
title be deemed to have that value found by the special court.
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Repealed. Pub. L. 99-509, title IV, Sec. 4033(c)(1)(C)(i)(III), Oct. 21, 1986, 100 Stat. 1908
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