North Dakota § 4.1-25-08 Additional security

North Dakota Statutes

§ 4.1-25-08 — Additional security

North Dakota § 4.1-25-08

Title 4.1Agriculture

Ch. 4.1-25Dairy Product Regulation

This text of North Dakota § 4.1-25-08 (Additional security) 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 § 4.1-25-08 (2026).

Text

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.