### Question
How does the law define public sale?


### Answer
Under *45 U.S.C. § 1347*, **public sale** is defined as:

> the sale of stock in Conrail pursuant to a public offering under the Conrail Privatization Act [45 U.S.C. 1301 et seq.]

#### Citation:
  - *45 U.S.C. § 1347*
  - Heading: **CHAPTER 22-CONRAIL PRIVATIZATION > SUBCHAPTER II-CONRAIL > Part C-Miscellaneous Provisions**

