North Dakota § 54-18-10 Industrial commission to fix price of things bought and sold by association

North Dakota Statutes

§ 54-18-10 — Industrial commission to fix price of things bought and sold by association

North Dakota § 54-18-10

Title 54State Government

Ch. 54-18North Dakota Mill and Elevator Association

This text of North Dakota § 54-18-10 (Industrial commission to fix price of things bought and sold by association) 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 § 54-18-10 (2026).

Text

The industrial commission shall fix the buying price of all things bought, and the selling price
of all things sold, incidental to the operation of the association, and shall fix all charges for any
and all services rendered by the association. In fixing these prices, while all services are to be
rendered, as near as may be, at cost, there must be taken into consideration, in addition to
other necessary costs, a reasonable charge for depreciation of all property, all overhead
expenses, and a reasonable surplus, together with all amounts required for the repayment, with
interest, of funds received from the state.

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The industrial commission shall fix the buying price of all things bought, and the selling price
of all things sold, incidental to the operation of the association, and shall fix all charges for any
and all services rendered by the association. In fixing these prices, while all services are to be
rendered, as near as may be, at cost, there must be taken into consideration, in addition to
other necessary costs, a reasonable charge for depreciation of all property, all overhead
expenses, and a reasonable surplus, together with all amounts required for the repayment, with
interest, of funds received from the state.