### Question
How is the "public sale" defined?


### Answer
The term **public sale** is defined in *45 U.S.C. § 1347* as follows -

> 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**

