North Dakota § 26.1-06.1-24 Collection and list of assets

North Dakota Statutes

§ 26.1-06.1-24 — Collection and list of assets

North Dakota § 26.1-06.1-24

Title 26.1Insurance

Ch. 26.1-06.1Insurance Company Rehabilitation and Liquidation

This text of North Dakota § 26.1-06.1-24 (Collection and list of assets) 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 § 26.1-06.1-24 (2026).

Text

1.As soon as practicable after the liquidation order, but not later than one hundred twenty days thereafter, unless extended by order of the court, the liquidator shall prepare in duplicate a list of the insurer's assets. The list must be amended or supplemented from time to time as the liquidator may determine. One copy must be filed in the office of the recorder, unless the board of county commissioners designates a different official, and one copy must be retained for the liquidator's files. All amendments and supplements must be similarly filed.

2.The liquidator shall reduce the assets to a degree of liquidity that is consistent with the effective execution of the liquidation.

3.A submission to the court for disbursement of assets in accordance with section 26.1-06.1-33 fulfills the

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1. As soon as practicable after the liquidation order, but not later than one hundred
twenty days thereafter, unless extended by order of the court, the liquidator shall
prepare in duplicate a list of the insurer's assets. The list must be amended or
supplemented from time to time as the liquidator may determine. One copy must be
filed in the office of the recorder, unless the board of county commissioners designates
a different official, and one copy must be retained for the liquidator's files. All
amendments and supplements must be similarly filed.
2. The liquidator shall reduce the assets to a degree of liquidity that is consistent with the
effective execution of the liquidation.
3. A submission to the court for disbursement of assets in accordance with section
26.1-06.1-33 fulfills the requirements of subsection 1 of this section.