North Dakota § 32-10.1-12 Duties of owner

North Dakota Statutes

§ 32-10.1-12 — Duties of owner

North Dakota § 32-10.1-12

Title 32Judicial Remedies

Ch. 32-10.1Uniform Commercial Real Estate Receivership Act

This text of North Dakota § 32-10.1-12 (Duties of owner) 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 § 32-10.1-12 (2026).

Text

1.An owner shall:

a.Assist and cooperate with the receiver in the administration of the receivership and the discharge of the receiver's duties;

b.Preserve and turn over to the receiver all receivership property in the owner's possession, custody, or control;

c.Identify all records and other information relating to the receivership property, including a password, authorization, or other information needed to obtain or maintain access to or control of the receivership property, and make available to the receiver the records and information in the owner's possession, custody, or control;

d.On subpoena, submit to examination under oath by the receiver concerning the acts, conduct, property, liabilities, and financial condition of the owner or any matter relating to the receivership prope

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1. An owner shall:
a. Assist and cooperate with the receiver in the administration of the receivership
and the discharge of the receiver's duties;
b. Preserve and turn over to the receiver all receivership property in the owner's
possession, custody, or control;
c. Identify all records and other information relating to the receivership property,
including a password, authorization, or other information needed to obtain or
maintain access to or control of the receivership property, and make available to
the receiver the records and information in the owner's possession, custody, or
control;
d. On subpoena, submit to examination under oath by the receiver concerning the
acts, conduct, property, liabilities, and financial condition of the owner or any
matter relating to the receivership property or the receivership; and
e. Perform any duty imposed by court order, this chapter, or any other provision of
law.
2. If an owner is a person other than an individual, this section applies to each officer,
director, manager, member, partner, trustee, or other person exercising or having the
power to exercise control over the affairs of the owner.
3. If a person knowingly fails to perform a duty imposed by this section, the court may:
a. Award the receiver actual damages caused by the person's failure, reasonable
attorney's fees, and costs; and
b. Sanction the failure as civil contempt.