North Dakota § 26.1-06.1-45 Termination of proceedings

North Dakota Statutes

§ 26.1-06.1-45 — Termination of proceedings

North Dakota § 26.1-06.1-45

Title 26.1Insurance

Ch. 26.1-06.1Insurance Company Rehabilitation and Liquidation

This text of North Dakota § 26.1-06.1-45 (Termination of proceedings) 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 § 26.1-06.1-45 (2026).

Text

1.When all assets justifying the expense of collection and distribution have been collected and distributed under this chapter, the liquidator shall apply to the court for discharge. The court may grant the discharge and make any other orders, including an order to transfer any remaining funds that are uneconomic to distribute, as may be deemed appropriate.

2.Any other person may apply to the court at any time for an order under subsection 1. If the application is denied, the applicant shall pay the costs and expenses of the liquidator in resisting the application, including a reasonable attorney's fee.

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1. When all assets justifying the expense of collection and distribution have been
collected and distributed under this chapter, the liquidator shall apply to the court for
discharge. The court may grant the discharge and make any other orders, including an
order to transfer any remaining funds that are uneconomic to distribute, as may be
deemed appropriate.
2. Any other person may apply to the court at any time for an order under subsection 1. If
the application is denied, the applicant shall pay the costs and expenses of the
liquidator in resisting the application, including a reasonable attorney's fee.