Minnesota Statutes 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.
Terms Used In Minnesota Statutes 222.85
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Terms Used In Minnesota Statutes 222.85
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
“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 of operating it for the purpose of continuing the commercial transportation of goods or passengers over the line.
Subd. 3.
[Renumbered subd 5]
Subd. 4.Divesting carrier.
“Divesting carrier” means a common carrier or business entity engaged in transportation of goods by rail that divests a line of railroad by sale, lease, or other device.
Subd. 5.Labor organization.
“Labor organization” has the meaning given it in the Labor-Management Reporting and Disclosure Act, United States Code, title 29, § 402, and certified under the Railway Labor Act, United States Code, title 45, §§ 151 to 163.