49 CFR 371.13

§ 371.13 Accounting.

United States · 49 CFR — Transportation · Status: effective

Cite this

Citation: 49 CFR 371.13, § 371.13 Accounting, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/260256
Permanent ID: ys:prov:260256@1
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Full text

Each broker who engages in any other business shall maintain accounts so that the revenues and expenses relating to the brokerage portion of its business are segregated from its other activities. Expenses that are common shall be allocated on an equitable basis; however, the broker must be prepared to explain the basis for the allocation.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.