North Dakota § 26.1-12.1-07 Action by commissioner

North Dakota Statutes

§ 26.1-12.1-07 — Action by commissioner

North Dakota § 26.1-12.1-07

Title 26.1Insurance

Ch. 26.1-12.1Mutual Insurance Company Reorganization

This text of North Dakota § 26.1-12.1-07 (Action by commissioner) 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 § 26.1-12.1-07 (2026).

Text

Within sixty days after the conclusion of the public hearing, or within the sixty days after
filing the plan of reorganization if by mutual agreement the hearing is waived, unless there is a
mutual agreement by the commissioner and the reorganizing insurer to extend such time, the
commissioner shall enter findings of fact, conclusions of law, and an order either approving,
conditionally approving, or disapproving the plan. An approval or conditional approval of a plan
of reorganization expires if the reorganization is not completed within one hundred eighty days
after the approval or conditional approval, unless the time period is extended by the
commissioner upon a showing of good cause.

Free access — add to your briefcase to read the full text and ask questions with AI

Within sixty days after the conclusion of the public hearing, or within the sixty days after
filing the plan of reorganization if by mutual agreement the hearing is waived, unless there is a
mutual agreement by the commissioner and the reorganizing insurer to extend such time, the
commissioner shall enter findings of fact, conclusions of law, and an order either approving,
conditionally approving, or disapproving the plan. An approval or conditional approval of a plan
of reorganization expires if the reorganization is not completed within one hundred eighty days
after the approval or conditional approval, unless the time period is extended by the
commissioner upon a showing of good cause.