§ 11328. Restrictions on officers and directors

• (a) A person may hold the position of officer or director of more than one rail carrier only when authorized by the Board. The Board may authorize a person to hold the position of officer or director of more than one of those carriers when public or private interests will not be adversely affected.
• (b) This section shall not apply to an individual holding the position of officer or director only of Class III rail carriers.