Mich. Admin. Code R. 460.2574
Current through Vol. 24-21, December 1, 2024
Rule 74. The following state and federal regulatory commission records shall be retained for the periods listed:
| (a) Annual financial, operating, and statistical reports. | Life of the corporation. |
| (b) Monthly and quarterly reports of operating revenues, expenses, and statistics. | 2 years after current year. |
| (c) Special or periodic reports on the following subjects: | |
| (i) Transactions with associated companies. (ii) Budgets of expenditures. | 6 years. 3 years. |
| (iii) Accidents. | 6 years. |
| (iv) Employees and wages. | 5 years. |
| (v) Loans to officers and employees. | 3 years after fully paid. |
| (vi) Issues of securities. | See rules 13(c) and 14. |
| (vii) Purchases and sales, utility properties. (viii) Plant changes - units added and retired. (ix) Service interruptions. | Life of the corporation. Life of the corporation. 6 years. |
Mich. Admin. Code R. 460.2574