5.1-129 - Goodwill, certificate, etc., not element of value in rate making. - Virginia Statutes

§ 5.1-129. Goodwill, certificate, etc., not element of value in rate making.

In any proceeding to determine the justness or reasonableness of any rate,fare, or charge of any common or restricted common carrier by aircraft thereshall not be taken into consideration or allowed as evidence or elements ofvalue of the property of such carrier either goodwill, earning power, or thecertificate under which such carrier is operating; and in applying for andreceiving a certificate under this chapter any such carrier shall be deemedto have agreed to the provisions of this section, on its own behalf and onbehalf of all transferees or lessees of such certificate.

(Code 1950, § 56-184; 1970, c. 708.)