### Question
How is the "financially responsible person" defined?


### Answer
The term **financially responsible person** is defined in *49 U.S.C. § 10907* as follows -

> a person who—


(1) is capable of paying the constitutional minimum value of the railroad line proposed to be acquired

#### Citation:
  - *49 U.S.C. § 10907*
  - Heading: **SUBTITLE IV-INTERSTATE TRANSPORTATION > PART A-RAIL > CHAPTER 109-LICENSING**

