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45 U.S.C. § 1321

Rail service obligations

United States · Title 45 — RAILROADS · Status: effective

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45 U.S.C. § 1321, Rail service obligations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/487397
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Full text

During a period of 5 years beginning on October 21, 1986, the following obligations shall apply to the Corporation: Within 5 days after the declaration of any common stock dividend or preferred stock dividend, the Corporation shall deliver to the Secretary of Transportation a certificate executed by an executive officer of the Corporation. Such certificate shall certify that, after giving effect to any such dividend, the Corporation shall be in compliance with any requirement regarding a common stock dividend or a preferred stock dividend set forth in this section. Such certificate shall include—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 99-509(H.R. 5300)1986-10-21
    Omnibus Budget Reconciliation Act of 1986
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 101-213(H.R. 422)1989-12-11
    Local Rail Service Reauthorizing Act
    House: no recorded tallySenate: no recorded tally