North Dakota § 49-06-01 - Valuation of property as basis for determining reasonableness of rates
Full text of North Dakota North Dakota Century Code § 49-06-01 — Valuation of property as basis for determining reasonableness of rates, with citation guidance and answers to common questions.
§ 49-06-01. Valuation of property as basis for determining reasonableness of rates
The commission, for the purpose of ascertaining just and reasonable rates and charges of public utilities, or for any other purpose authorized by law, shall investigate and determine the value of the property of every public utility, except railroads and motor carriers, used and useful for the service and convenience of the public, excluding therefrom the value of any franchise or right to own, operate, or enjoy the same in excess of the amount, exclusive of any tax or annual charge, actually paid to any political subdivision of the state as a consideration for the grant of the franchise or right, and exclusive of any value of the right by reason of a monopoly or merger. The commission shall prescribe the details of the inventory of the property of each public utility to be valued.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 49-06-01
What does North Dakota Century Code § 49-06-01 cover?
Section 49-06-01 ("Valuation of property as basis for determining reasonableness of rates") is part of the North Dakota Century Code, the codified statutory law of North Dakota. 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 North Dakota § 49-06-01?
A common citation format is "North Dakota Century Code § 49-06-01" (North Dakota). 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 North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 49-06-01 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota 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 North Dakota.