Rail Banking Law and Legal Definition
According to 49 CFR 268.1 [Title 49 – Transportation; Subtitle B Other Regulations Relating To Transportation; Chapter II Federal Railroad Administration, Department Of Transportation; Part 268 Magnetic Levitation Transportation Technology Deployment Program; Subpart A – Overview], rail banking means “the acquisition of an interest in a rail right-of-way sufficient to ensure its preservation for future rail freight service.”
Legal Definition list
Related Legal Terms
- Abstraction [Banking]
- Accommodation Maker(Banking)
- Account [Banks & Banking]
- Accountable Rail Equipment Accident
- Acting in Concert [Banks & Banking]
- Adamson Railway Labor Act
- Affiliate [Banks & Banking]
- Alternative Mortgage Transaction [Banks & Banking]
- Application for a Deposit Facility [Banks & Banking]
- Appropriate Federal Banking Agency
