North Dakota § 26.1-06.1-05 Injunctions and orders

North Dakota Statutes

§ 26.1-06.1-05 — Injunctions and orders

North Dakota § 26.1-06.1-05

Title 26.1Insurance

Ch. 26.1-06.1Insurance Company Rehabilitation and Liquidation

This text of North Dakota § 26.1-06.1-05 (Injunctions and orders) 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 § 26.1-06.1-05 (2026).

Text

1.Any receiver appointed in a proceeding under this chapter may at any time apply for, and any district court may grant, such restraining orders, preliminary and permanent injunctions, and other orders as may be deemed necessary and proper to prevent:

a.The transaction of further business;

b.The transfer of property;

c.Interference with the receiver or with a proceeding under this chapter;

d.Waste of the insurer's assets;

e.Dissipation and transfer of bank accounts;

f.The institution or further prosecution of any actions or proceedings;

g.The obtaining of preferences, judgments, attachments, garnishments, or liens against the insurer, its assets, or its policyholders;

h.The levying of execution against the insurer, its assets, or its policyholders;

i.The making of any sale or dee

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1. Any receiver appointed in a proceeding under this chapter may at any time apply for,
and any district court may grant, such restraining orders, preliminary and permanent
injunctions, and other orders as may be deemed necessary and proper to prevent:
a. The transaction of further business;
b. The transfer of property;
c. Interference with the receiver or with a proceeding under this chapter;
d. Waste of the insurer's assets;
e. Dissipation and transfer of bank accounts;
f. The institution or further prosecution of any actions or proceedings;
g. The obtaining of preferences, judgments, attachments, garnishments, or liens
against the insurer, its assets, or its policyholders;
h. The levying of execution against the insurer, its assets, or its policyholders;
i. The making of any sale or deed for nonpayment of taxes or assessments that
would lessen the value of the assets of the insurer;
j. The withholding from the receiver of books, accounts, documents, or other
records including all written, printed, computer-stored, visual, and audiovisual
materials relating to the business of the insurer; or
k. Any other threatened or contemplated action that might lessen the value of the
insurer's assets or prejudice the rights of policyholders, creditors, or
shareholders, or the administration of any proceeding under this chapter.
2. The receiver may apply to any court outside of the state for the relief described in
subsection 1.