45 U.S.C. § 1323
Board of Directors
United States · Title 45 — RAILROADS · Status: effective
Cite this
- Citation
- 45 U.S.C. § 1323, Board of Directors, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/487399
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Full text
The Board of Directors of the Corporation shall be comprised as follows:
Except as provided in paragraph (3), with respect to the period beginning July 1, 1987, the board shall consist of—
8 directors appointed from among persons knowledgeable in business affairs by the special court trustees named under subparagraph (C), in consultation with the Secretary of Transportation and the Chairman of the Board of Directors of the Corporation, and recognizing the need for and importance of—
With respect to the period ending June 30, 1987—
the first director elected under this paragraph shall replace the member of the board who became a director most recently from among—
With respect to the period beginning on the first date more than 50 percent of the interest of the United States in the Corporation has been sold through public offering and ending when 100 percent of such interest has been sold—
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.
- Omnibus Budget Reconciliation Act of 1986House: no recorded tallySenate: no recorded tally