# Revision of Regulations for Interlocking Rail Officers
> **Surface Transportation Board** · Final rules. · Published 1997-01-15 · Effective 1997-02-14 · 62 FR 2041
## Document
- **Document number:** 97-953
- **Category:** rail-rate
- **Sub-agency:** Surface Transportation Board
- **Federal Register citation:** 62 FR 2041
- **CFR reference:** 49 CFR 1185
- **Publication date:** 1997-01-15
- **Effective date:** 1997-02-14
- **DOT docket:** STB Ex Parte No. 543
## Abstract

The ICC Termination Act of 1995 (ICCTA) abolished the Interstate Commerce Commission (ICC) and transferred certain rail regulatory functions to the Surface Transportation Board (Board). The ICCTA revised the statute concerning restrictions on officers and directors. Under new 49 U.S.C. 11328, individuals seeking to hold the position of officer or director only of Class III railroads are no longer required to seek Board authorization. This publication contains our final rules implementing the statute.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1997/01/15/97-953/revision-of-regulations-for-interlocking-rail-officers)
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