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U.S. Code as of:
01/19/04
Section 1166. Effect of subtitle IV of title 49 and of Federal, State, or local regulations
Except with respect to abandonment under section 1170 of this
title, or merger, modification of the financial structure of the
debtor, or issuance or sale of securities under a plan, the trustee
and the debtor are subject to the provisions of subtitle IV of
title 49 that are applicable to railroads, and the trustee is
subject to orders of any Federal, State, or local regulatory body
to the same extent as the debtor would be if a petition commencing
the case under this chapter had not been filed, but -
(1) any such order that would require the expenditure, or the
incurring of an obligation for the expenditure, of money from the
estate is not effective unless approved by the court; and
(2) the provisions of this chapter are subject to section
601(b) of the Regional Rail Reorganization Act of 1973.
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