622.190. Division's authority to establish system of accounts--access to accounts.
Division's authority to establish system of accounts--access toaccounts.
622.190. 1. The division may, whenever it deems advisable, establisha system of accounts to be used by railroad and street railroadcorporations or other common carriers which are subject to its supervision,or may classify the said corporations and other carriers and prescribe asystem of accounts for each class, and may prescribe the manner in whichsuch accounts shall be kept. It may also, in its discretion, prescribe theforms of accounts, records and memoranda to be kept by such corporations,including the accounts, records and memoranda of the movement of traffic,as well as the receipts and expenditures of moneys. Notice of alterationsby the division in the required method or form of keeping a system ofaccounts shall be given to such persons or corporations by the division atleast six months before the same are to take effect. The system ofaccounts established by the division and the forms of accounts, records andmemoranda prescribed by it as provided above shall conform in the case ofrailroad corporations as nearly as may be to those from time to timeestablished and prescribed by the Interstate Commerce Commission under theprovisions of the act of Congress entitled "An Act to Regulate Commerce",approved February 4, 1887, and the acts amendatory thereof or supplementarythereto.
2. The division shall at all times have access to all accounts,records and memoranda kept by railroad and street railroad corporations orother common carriers and may designate any of its officers or employees,who shall thereupon have authority under the order of the division toinspect and examine any and all accounts, records and memoranda kept bysuch corporations.
(L. 1996 S.B. 780)