49 CFR § 1220.4 - Companies going out of business.

---
identifier: "/us/cfr/t49/s1220.4"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "49 CFR § 1220.4 - Companies going out of business."
title_number: 49
title_name: "Transportation"
section_number: "1220.4"
section_name: "Companies going out of business."
chapter_name: "SURFACE TRANSPORTATION BOARD"
subchapter_number: "C"
subchapter_name: "ACCOUNTS, RECORDS, AND REPORTS"
part_number: "1220"
part_name: "PRESERVATION OF RECORDS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "49 U.S.C. 1321, 11144, 11145."
regulatory_source: "50 FR 10775, Mar. 18, 1985; 51 FR 22083, June 18, 1986, unless otherwise noted."
cfr_part: "1220"
---


# 1220.4 Companies going out of business.

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.