Maryland § 4-302
Full text of Maryland Maryland Code § 4-302, with citation guidance and answers to common questions.
§ 4-302.
(a) (1) In this subsection, “operating ratio” means the relationship of common carrier expenses to common carrier operating revenues.
(2) In considering proper revenue under subsection (b)(3) of this section, the Commission shall determine a fair and equitable operating ratio.
(b) In setting a just and reasonable rate for common carriers, and classifications, regulations, and practices relating to common carriers, the Commission shall consider, among other factors:
(1) the inherent advantages of transportation by common carriers;
(2) the need, in the public interest, of adequate and efficient transportation services by common carriers at the lowest cost consistent with furnishing these services; and
(3) the need of revenues sufficient to enable common carriers to provide these services under honest, economical, and efficient management.
Frequently Asked Questions About Maryland § 4-302
What does Maryland Code § 4-302 cover?
Section 4-302 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 4-302?
A common citation format is "Maryland Code § 4-302" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 4-302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.