Code of Federal Regulations Title 49. Transportation 49 CFR § 1201.549 549 Maintenance of investment organization

This account shall include the directly assignable administration expenses of the accounting company which are incident to its investments in leased or nonoperating physical property, and in stocks, bonds, or other securities.

ITEMS OF EXPENSE

Advertising annual reports (lessor companies only).

Calls for bonds in accordance with sinking fund provisions of mortgages.

Directors' fees.

Printing and mailing dividend checks.

Publishing and mailing annual reports and other corporate statements to shareholders.

Publishing notices of declaration of dividends.

Law expenses.

Office expenses.

Salaries of officers, clerks, and attendant.

Stationery and printing.

Note:  Administration expenses incident to railway operation are includible in the primary accounts provided for in operating expense general account series 60–00–00.