45 U.S.C. § 830
Section 830 · Exemption
Amended 2 times on record
Neither the registration and prospectus delivery requirements of the Securities Act of 1933 [15 U.S.C. 77a et seq.], nor the provisions of the securities laws of any State, shall be applicable to the issuance and sale of redeemable preference shares by railroads under this subchapter.
Editorial notes U.S. Code · Office of the Law Revision Counsel
References in Text
The Securities Act of 1933, referred to in text, is act May 27, 1933, ch. 38, title I, 48 Stat. 74, as amended, which is classified generally to subchapter I (§77a et seq.) of chapter 2A of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see section 77a of Title 15 and Tables.
Amendments
1995—Pub. L. 104–88 struck out “the provisions of section 20a of the Interstate Commerce Act (49 U.S.C. 20a), nor” after “Neither”.
Effective Date of 1995 Amendment
Amendment by Pub. L. 104–88 effective Jan. 1, 1996, see section 2 of Pub. L. 104–88, set out as an Effective Date note under section 701 of Title 49, Transportation.