[Code of Federal Regulations]
[Title 49, Volume 8]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 49CFR1241.2]

[Page 169]
 
                        TITLE 49--TRANSPORTATION
 
 CHAPTER X--SURFACE TRANSPORTATION BOARD, DEPARTMENT OF TRANSPORTATION 
                               (Continued)
 
PART 1241_ANNUAL, SPECIAL, OR PERIODIC REPORTS_CARRIERS SUBJECT TO PART I 
OF THE INTERSTATE COMMERCE ACT--Table of Contents
 
Sec. 1241.2  Reporting companies defined.

    (a) Every common carrier by rail which is required by the act to 
regulate commerce to file with the Board any tariff or schedule of 
rates, fares, or charges, or any concurrence in such tariff or schedule, 
shall be required to keep operating accounts and to file an annual 
operating report unless specifically excused by the Board.
    (b) Every railway corporation owning but not operating a railway 
used in interstate or foreign commerce shall be required to file with 
the Board an annual nonoperating report unless relieved therefrom under 
the provisions of rule following.
    (c) Any actually existing inactive corporation coming within the 
scope of rule given above may be relieved from the requirements of that 
rule if it has no outstanding stocks or obligations not held by or for 
its controlling corporation and the controlling corporation reports for 
the inactive corporation such facts as the Board may require to be 
reported.
    (d) Reports of a controlling corporation and its controlled 
corporations must exclude duplications in respect of investments in 
railway plant and equipment and in respect of securities outstanding.

[32 FR 20456, Dec. 20, 1967, as amended at 46 FR 9115, Jan. 28, 1981]