GroundRules
49 CFR 1220.4: Companies going out of business.
Where this section sits in the code
- Title 49—Transportation
- Subtitle B—Other Regulations Relating to Transportation
- CHAPTER X—SURFACE TRANSPORTATION BOARD
- SUBCHAPTER C—ACCOUNTS, RECORDS, AND REPORTS
- PART 1220—PRESERVATION OF RECORDS
The records referred to in these regulations may be destroyed after business is discontinued and the company is completely liquidated. The records may not be destroyed until dissolution is final and all pending transactions and claims are completed. When a company is merged with another company under jurisdiction of the Board, the successor company shall preserve records of the merged company in accordance with these regulations.
Collected 2026-08-27T02:26:34Z. Source file · JSON