North Dakota § 49-06-04 - Fair market price to be allowed in fixing valuations
Full text of North Dakota North Dakota Century Code § 49-06-04 — Fair market price to be allowed in fixing valuations, with citation guidance and answers to common questions.
§ 49-06-04. Fair market price to be allowed in fixing valuations
The commission, in determining the rates to be charged by any utility under its jurisdiction, shall ascertain whether an advanced or fictitious cost price, or a price in excess of the fair market value of any commodity, machinery, equipment, material, or service has been paid or is being paid or charged, by the public utility. If it shall appear that any such fictitious or advanced price has been or is being paid or charged, the commission shall fix and allow as a part of the valuation or rate basis only the reasonable and fair market price of such items, at the time of the purchase, eliminating all such fictitious or excessive prices or values.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 49-06-04
What does North Dakota Century Code § 49-06-04 cover?
Section 49-06-04 ("Fair market price to be allowed in fixing valuations") 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 § 49-06-04?
A common citation format is "North Dakota Century Code § 49-06-04" (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 § 49-06-04 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.