13-16-3 - Requirement to establish and disclose "transfer prices" and "posted rack prices."
13-16-3. Requirement to establish and disclose "transfer prices" and "posted rackprices."
A refiner engaged in commerce in this state is required to:
(1) establish:
(a) its transfer price on all grades of motor fuel sold to itself or an affiliate for resale inthis state at a different marketing level of distribution; and
(b) a posted rack price on all grades of motor fuel the refiner or other person sells at therack in this state; and
(2) at the request of the attorney general, disclose to the attorney general:
(a) any transfer price described in Subsection (1)(a); or
(b) any posted rack price described in Subsection (1)(b).
Amended by Chapter 283, 2001 General Session