railroad reorganization

railroad reorganization
A readjustment of existing interests in equity, particularly in a federal court, necessitated by a failing financial condition of the corporation. 19 Am J2d Corp § 1517. A reorganization of a railroad company under provisions of the Bankruptcy Act. 9 Am J2d Bankr §§ 1442-1492.

Ballentine's law dictionary. . 1998.

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