In issuing stock pursuant to applicable corporate law, Amtrak is encouraged to include employee stock ownership plans.
49 U.S.C. § 24304
HISTORICAL AND REVISION NOTES | ||
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
24304(a) | 45:544(a) (1st sentence, last sentence words before (A), (A) (1st sentence), (B)(i) (1st sentence)). | Oct. 30, 1970, Pub. L. 91-518, §304(a), 84 Stat. 1331; Aug. 13, 1981, Pub. L. 97-35, §1175(1), (2), 95 Stat. 691. |
24304(b) | 45:544(a) (2d sentence). | |
45:544(b). | Oct. 30, 1970, Pub. L. 91-518, §304(b), 84 Stat. 1332; Oct. 28, 1974, Pub. L. 93-496, §2, 88 Stat. 1526. | |
24304(c) | 45:544(a) (last sentence words before (A), (A) (last sentence), (B)(i) (last sentence), (ii), (iii)). | |
24304(d)(1) | 45:544(c)(1), (2). | Oct. 30, 1970, Pub. L. 91-518, §304(c)(1), (2), 84 Stat. 1332; restated Aug. 13, 1981, Pub. L. 97-35, §1175(3), 95 Stat. 691. |
24304(d)(2) | 45:544(c)(3). | Oct. 30, 1970, Pub. L. 91-518, 84 Stat. 1327, §304(c)(3); added Apr. 7, 1986,Pub. L. 99-272, §40031986,, 100 Stat. 107. |
24304(d)(3) | 45:544(c)(4). | Oct. 30, 1970, Pub. L. 91-518, 84 Stat. 1327, §304(c)(4); added Oct. 27, 1992, Pub. L. 102-533, §5, 106 Stat. 3517. |
24304(e) | 45:544(e)(2). | Oct. 30, 1970, Pub. L. 91-518, §304(d), (e), 84 Stat. 1332; restated Aug. 13, 1981, Pub. L. 97-35, §1175(4), 95 Stat. 691. |
24304(f) | 45:544(d). | |
24304(g) | 45:544(e)(1). |
EDITORIAL NOTES
AMENDMENTS1997- Pub. L. 105-134 amended section catchline and text generally, substituting provisions relating to employee stock ownership plans for provisions relating to capitalization of Amtrak.
STATUTORY NOTES AND RELATED SUBSIDIARIES
AMTRAK STOCK Pub. L. 105-134, title IV, §415(b), (c), Dec. 2, 1997, 111 Stat. 2590, provided that Amtrak was to redeem all common stock previously issued for the fair market value of such stock before Oct. 1, 2002, and that the preferred stock of Amtrak held by the Secretary of Transportation would confer no liquidation preference, effective 90 days after Dec. 2, 1997, and confer no voting rights, effective 60 days after Dec. 2, 1997.