US Code

Public Law 119-73 (01/23/2026)

45 U.S.C. § 1115

Redemption of stock

section 746 of this title1

1 See References in Text note below.
section 1105(a)(4) of this titlesection 746 of this titleFor the purpose of computing the amount for which certificates of value shall be redeemable under , the series B preferred stock and the common stock conveyed to the Secretary under section 1107  of this title shall be deemed to be without fair market value unless in a proceeding brought under 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 be deemed to have that value found by the special court.

Pub. L. 97–35, title XI, § 1167(b)95 Stat. 686(, , .)

Editorial Notes

References in Text

Section 1107 of this titlePub. L. 99–509, title IV, § 4033(c)(1)(C)(i)(I)100 Stat. 1908, referred to in text, was repealed by , , .

Codification

section 1167 of Pub. L. 97–35section 743 of this titlePub. L. 99–509, title IV, § 4033(c)(1)(C)(i)(IV)100 Stat. 1908Section is comprised of subsec. (b) of . Subsec. (a) of section 1167 amended . Subsec. (c) of section 1167, which was set out as subsec. (b) of this section and which provided that the clerk of the special court convey to the Secretary certain series B preferred stock and common stock of Conrail on deposit with the court, and authorized the Secretary to hold and exercise all rights to such Conrail securities, was repealed by , , .