45-04-03-02. Definitions.

For purposes of this chapter, the "published monthly average" means:

1. Moody's corporate bond yield average - monthly average corporates as published by Moody's investors service, incorporated or any successor thereto; or

2. In the event that Moody's corporate bond yield average - monthly average corporates is no longer published, a substantially similar average, established by regulation issued by the commissioner.

History: Effective January 1, 1982.

General Authority: NDCC 28-32

Law Implemented: NDCC 26.1-33-05