North Dakota Statutes

§ 26.1-16-11 — Bonds of officers and agents

North Dakota § 26.1-16-11
JurisdictionNorth Dakota
Title 26.1Insurance
Ch. 26.1-16Benevolent Societies

This text of North Dakota § 26.1-16-11 (Bonds of officers and agents) 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 § 26.1-16-11 (2026).

Text

After a benevolent society has been licensed by the commissioner, the bonding of its officers and agents is discretionary with its board of directors. During the period between the filing of articles of incorporation and the issuing of a certificate of authority, however, the commissioner shall set the amounts of the bonds sufficient to guarantee return of membership fees collected in case the organization is not completed, and the bonds must be filed with the commissioner.

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Bluebook (online)
North Dakota § 26.1-16-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/26.1-16-11.