MSHA - Code of Federal Regulations - 30 CFR 75.1403-1
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MSHA - Title 30 CFR
30 CFR § 75.1403-2
Criteria--Hoists transporting materials; brakes.

Hoists and elevators used to transport materials should be equipped with brakes capable of stopping and holding the fully loaded platform, cage, skip, car, or other device at any point in the shaft, slope, or incline.