222.85 DEFINITIONS. Subdivision 1. Scope. For the purposes of sections 222.85 to 222.88, the following terms have the meanings given them in this section. Subd. 2. Acquiring carrier. “Acquiring carrier” means a business entity that acquires by purchase, lease, or other device a line of railroad, except carriers acquiring an abandoned line, with the intent […]
222.86 ACQUISITION REPORTING AND DISCLOSURE. Subdivision 1. Notice of exempt transaction. An acquiring carrier shall submit written notification to the attorney general and the commissioner of transportation of its intent to initiate an exempt transaction under Code of Federal Regulations, title 49, part 1150, at least 14 days before filing a notice of exemption with […]
222.87 PRESERVATION OF CONTRACT, LEGAL STATUS. Subdivision 1. Shipping contracts. An acquiring carrier succeeds to and is bound by the contracts, agreements, and understandings between the divesting carrier and any shipper within this state for a period equaling the stated term of the contract or six months, whichever is greater. Subd. 2. Government contract. An […]
222.88 PRIORITY IN HIRING. An acquiring carrier under sections 222.85 to 222.87 shall give priority in hiring, based upon length of service on the affected rail line, to employees of the divesting carrier performing service in connection with the affected rail line. To assert priority, the employee must be qualified by experience and training to […]
