387.320. Power of division of motor carrier and railroad safety to require depreciation account of motor carriers. - Missouri Statutes

Power of division of motor carrier and railroad safety to requiredepreciation account of motor carriers.

387.320. The division of motor carrier and railroad safety shallhave power, after hearing, to require any or all motor carriers to carry aproper and adequate depreciation account in accordance with such rules,regulations and forms of account as the division may prescribe. Thedivision may, from time to time, ascertain and determine and by order fixthe proper and adequate rates of depreciation of the several classes ofproperty of such corporation, person or public utility. Each motor carriershall conform its depreciation accounts to the rates so ascertained,determined and fixed, and shall set aside the moneys so provided for out ofearnings and carry the same in a depreciation fund and expend such fundonly for such purposes and under such rules and regulations, both as tooriginal expenditure and subsequent replacement as the division mayprescribe. The income from investments of moneys in such fund shalllikewise be carried in such fund.

(RSMo 1939 § 5638, A.L. 1996 S.B. 780)

Prior revisions: 1929 § 5182; 1919 § 10470