§1150.41. Scope of exemption.
49 C.F.R. § 1150.41
Except as indicated in paragraphs (a) through (d) of this section, this exemption applies to acquisitions or operations by Class III rail carriers under section 10902. This exemption also includes:
Acquisition by a Class III rail carrier of rail property that would be operated by a third party;
Operation by a Class III carrier of rail property acquired by a third party;
A change in operators on such a line; and
Acquisition of incidental trackage rights. Incidental trackage rights include the grant of trackage rights by the seller, or the acquisition of trackage rights to operate over the line of a third party, that occurs at the time of the purchase.
Notes, amendments, and revision history
Source
Source: 61 FR 32355, June 24, 1996, unless otherwise noted.
Authority
Authority: 49 U.S.C. 1321(a), 10502, 10901, and 10902.
Source
Source: 47 FR 8199, Feb. 25, 1982, unless otherwise noted. Redesignated at 47 FR 49581, Nov. 1, 1982.