North Dakota § 49-04-05 Commission approval required to dispose of or encumber franchises, works, or systems - Exceptions

North Dakota Statutes

§ 49-04-05 — Commission approval required to dispose of or encumber franchises, works, or systems - Exceptions

North Dakota § 49-04-05

Title 49Public Utilities

Ch. 49-04Duties of Public Utilities

This text of North Dakota § 49-04-05 (Commission approval required to dispose of or encumber franchises, works, or systems - Exceptions) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 49-04-05 (2026).

Text

works, or systems - Exceptions. A public utility may not dispose of, encumber, merge, or consolidate its franchise, works, or system necessary or useful in the performance of its duties to the public without prior commission approval. This section does not apply to:

1.Disposal or encumbrance of tangible property valued at less than five hundred thousand dollars.

2.Sale of securities registered with the federal securities and exchange commission.

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works, or systems - Exceptions.
A public utility may not dispose of, encumber, merge, or consolidate its franchise, works, or
system necessary or useful in the performance of its duties to the public without prior
commission approval. This section does not apply to:
1. Disposal or encumbrance of tangible property valued at less than five hundred
thousand dollars.
2. Sale of securities registered with the federal securities and exchange commission.