This is the decision of the Railroad Retirement Board regarding the continued
status of the Denver Union Terminal Railway Company as an employer under the
Railroad Retirement Act (45 U.S.C. § 231, et seq.) (RRA) and the Railroad
Unemployment Insurance Act (45 U.S.C. § 351, et seq.) (RUIA).
Denver Union was held to be an employer under the Acts effective August 17, 1912
(B.A. Number 4706). On August 13, 2001, Denver Union sold its station site,
which constituted its sole asset, to an agency of the state of Colorado. Denver
Union was dissolved sometime after the sale.
Section 202.11 of the Board’s regulations provides that:
The employer status of any company or person shall
terminate whenever such company or person loses any of the characteristics
essential to the existence of an employer status.
Through the sale of its station site, and subsequent dissolution, Denver
Union has lost the characteristics essential to the existence of an employer
status. Accordingly, the Board holds that Denver Union ceased to be an employer
under the Railroad Retirement and Railroad Unemployment Insurance Acts effective
with the close of business on August 13, 2001.
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Original signed by: |
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FOR THE BOARD
Beatrice Ezerski
Secretary to the Board |
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