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 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.
Section is comprised of subsec. (b) ofsection
1167 of Pub. L. 97–35. Subsec. (a) ofsection
1167 amended section
743 of this title. Subsec. (c) ofsection
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on deposit with the court, and authorized the Secretary to hold and exercise all rights to such Conrail securities, was repealed by Pub. L. 99–509, title IV, § 4033(c)(1)(C)(i)(IV),Oct. 21, 1986, 100 Stat. 1908.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Description of Change
Statutes at Large
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