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- Title
PROGRESS AND DELAY IN RAILROAD REORGANIZATIONS SINCE 1933.
- Authors
DE HAAS DEMBITZ, FLORENCE
- Abstract
The article offers information on the progress made and process of receiverships and foreclosure sales delayed in the railroad industry in the U.S. It mentions that receivership and foreclosure sales were the techniques introduced, to improve the financial structure of railroad. It informs that despite the remedial statute order of the Supreme Court, which became a law of railroad reorganization on March 3, 1933 under Section 77, the delay in reorganization process continued. It reveals that country's Interstate Commerce Committee and the court need to enforce and implement the law seriously. It highlights the debtor's plan and factors responsible for delayed reorganization.
- Subjects
UNITED States; RAILROAD finance; RECEIVERSHIP; FORECLOSURE; UNITED States railroad law; RAILROADS; UNITED States. Interstate Commerce Commission; UNITED States appellate courts; CORPORATE reorganizations
- Publication
Law & Contemporary Problems, 1940, Vol 7, Issue 3, p393
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1189701