North Dakota Statutes

§ 26.1-10-10 — Receivership

North Dakota § 26.1-10-10
JurisdictionNorth Dakota
Title 26.1Insurance
Ch. 26.1-10Insurance Holding Company Systems

This text of North Dakota § 26.1-10-10 (Receivership) 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 § 26.1-10-10 (2026).

Text

Whenever it appears to the commissioner that any person has committed a violation of this chapter which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, then the commissioner may proceed as provided in chapter 26.1-06.1 to take possession of the property of the insurer and to carry on its business.

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Bluebook (online)
North Dakota § 26.1-10-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/26.1-10-10.