North Dakota § 4.1-25-08 Additional security

North Dakota Statutes

§ 4.1-25-08 — Additional security

North Dakota·Title 4.1 Agriculture·Ch. 4.1-25 Dairy Product Regulation

When the department determines the value of milk purchased or received from producers
has increased or an increase reasonably may be anticipated, so the total amount of security
does not comply with the amount required by subsection 1 or 2 of section 4.1-25-06, the
department shall require additional security to afford producers the protection intended by
section 4.1-25-06. The department may suspend or revoke any license if the licensee fails to
provide the additional security required by the department under this section.

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When the department determines the value of milk purchased or received from producers
has increased or an increase reasonably may be anticipated, so the total amount of security
does not comply with the amount required by subsection 1 or 2 of section 4.1-25-06, the
department shall require additional security to afford producers the protection intended by
section 4.1-25-06. The department may suspend or revoke any license if the licensee fails to
provide the additional security required by the department under this section.

North Dakota § 4.1-25-08 (Additional security) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.