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49 U.S.C. § 15722 — Records: form; inspection; preservation
Federal law — U.S. Code and appendices · legal_authorities
**(a) Form of Records.—** The Board may prescribe the form of records required to be prepared or compiled under this subchapter by pipeline carriers and lessors, including records related to movement of traffic and receipts and expenditures of money.
**(b) Inspection.—** The Board, or an employee designated by the Board, may on demand and display of proper credentials—
(1) inspect and examine the lands, buildings, and equipment of a pipeline carrier or lessor; and
(2) inspect and copy any record of—
(A) a pipeline carrier, lessor, or association; and
(B) a person controlling, controlled by, or under common control with a pipeline carrier if the Board considers inspection relevant to that person’s relation to, or transaction with, that carrier.
**(c) Preservation Period.—** The Board may prescribe the time period during which operating, accounting, and financial records must be preserved by pipeline carriers and lessors.
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Source location: Title 49, Chapter 157, § 15722; chapter-157-operations-of-carriers.md
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**(a) Form of Records.—** The Board may prescribe the form of records required to be prepared or compiled under this subchapter by pipeline carriers and lessors, including records related to movement of traffic and receipts and expenditures of money.
**(b) Inspection.—** The Board, or an employee designated by the Board, may on demand and display of proper credentials—
(1) inspect and examine the lands, buildings, and equipment of a pipeline carrier or lessor; and
(2) inspect and copy any record of—
(A) a pipeline carrier, lessor, or association; and
(B) a person controlling, controlled by, or under common control with a pipeline carrier if the Board considers inspection relevant to that person’s relation to, or transaction with, that carrier.
**(c) Preservation Period.—** The Board may prescribe the time period during which operating, accounting, and financial records must be preserved by pipeline carriers and lessors.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment.—** The Surface Transportation Board is an independent establishment of the United States Government.
**(b) Membership.—**
(1) The Board shall consist of 5 members, to be appointed by the President, by and with the advice and consent of the Senate. Not more than 3 members may be appointed from the same political party.
(2) At all times—
(A) at least 3 members of the Board shall be individuals with professional standing and demonstrated knowledge in the fields of transportation, transportation regulation, or economic regulation; and
(B) at least 2 members shall be individuals with professional or business experience (including agriculture) in the private sector.
(3) The term of each member of the Board shall be 5 years and shall begin when the term of the predecessor of that member ends. An individual appointed to fill a vacancy occurring before the expiration of the term for which the predecessor of that individual was appointed, shall be appointed for the remainder of that term. When the term of office of a member ends, the member may continue to serve until a successor is appointed and qualified, but for a period not to exceed one year. The President may remove a member for inefficiency, neglect of duty, or malfeasance in office.
(4) No individual may serve as a member of the Board for more than 2 terms. In the case of an individual appointed to fill a vacancy occurring before the expiration of the term for which the predecessor of that individual was appointed, such individual may not be appointed for more than one additional term.
(5) A member of the Board may not have a pecuniary interest in, hold an official relation to, or own stock in or bonds of, a carrier providing transportation by any mode and may not engage in another busines
Source: Supplied U.S. Code snapshot — release unconfirmed · 49 U.S.C. § 1301
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Board may prescribe the form of records required to be prepared or compiled under this subchapter—
(1) by rail carriers and lessors, including records related to movement of traffic and receipts and expenditures of money; and
(2) by persons furnishing cars to or for a rail carrier providing transportation subject to the jurisdiction of the Board under this part to the extent related to those cars or that service.
**(b)** The Board, or an employee designated by the Board, may on demand and display of proper credentials—
(1) inspect and examine the lands, buildings, and equipment of a rail carrier or lessor; and
(2) inspect and copy any record of—
(A) a rail carrier, lessor, or association;
(B) a person controlling, controlled by, or under common control with a rail carrier if the Board considers inspection relevant to that person’s relation to, or transaction with, that rail carrier; and
(C) a person furnishing cars to or for a rail carrier if the Board prescribed the form of that record.
**(c)** The Board may prescribe the time period during which operating, accounting, and financial records must be preserved by rail carriers, lessors, and persons furnishing cars.
Source: Supplied U.S. Code snapshot — release unconfirmed · 49 U.S.C. § 11144
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Federal law — U.S. Code and appendices · legal_authorities
Page 542
TITLE 49—TRANSPORTATION
§ 15721
Editorial Notes
PRIOR PROVISIONS
Provisions similar to those in this section were con-
tained in section 11101 of this title prior to the general
amendment of this subtitle by Pub. L. 104–88, § 102(a).
AMENDMENTS
1996—Subsec. (e). Pub. L. 104–287 substituted ‘‘Janu-
ary 1, 1996’’ for ‘‘the effective date of this section’’.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective Jan. 1, 1996, except as otherwise pro-
vided in Pub. L. 104–88, see section 2 of Pub. L. 104–88,
set out as a note under section 1301 of this title.
SUBCHAPTER B—OPERATIONS OF
CARRIERS
Statutory Notes and Related Subsidiaries
AMENDMENTS
1996—Pub. L. 104–287, § 5(43)(B)(ii), Oct. 11, 1996, 110
Stat. 3393, made technical amendment to subchapter
heading.
§ 15721. Definitions
In this subchapter, the following definitions
apply:
(1) CARRIER, LESSOR.—The terms ‘‘carrier’’
and ‘‘lessor’’ include a receiver or trustee of a
pipeline carrier and lessor, respectively.
(2) LESSOR.—The term ‘‘lessor’’ means a per-
son owning a pipeline that is leased to and op-
erated by a carrier providing transportation
under this part.
(3) ASSOCIATION.—The term ‘‘association’’
means an organization maintained by or in the
interest of a group of pipeline carriers that
performs a service, or engages in activities, re-
lated to transportation under this part.
(Added Pub. L. 104–88, title I, § 106(a), Dec. 29,
1995, 109 Stat. 925.)
Editorial Notes
PRIOR PROVISIONS
Provisions similar to those in this section were con-
tained in section 11141 of this title prior to the general
amendment of this subtitle by Pub. L. 104–88, § 102(a).
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective Jan. 1, 1996, except as otherwise p
Source: Supplied 2024 U.S. Code historical extraction · 49 U.S.C. § 15722
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