public sale
Defined in 1 place of the United States Code.
The term “public sale” means the sale of stock in Conrail pursuant to a public offering under the Conrail Privatization Act [45 U.S.C. 1301 et seq.]. If there is more than 1 public offering under such Act, such term means the sale pursuant to the initial public offering under such Act.
Source
- 1994–present45 U.S.C. § 1347Railroads · Tax treatment of Conrail public sale · for purposes of this section