North Dakota Statutes
§ 4.1-25-20 — Trust fund report - Notice to claimants - Approving or modifying report
North Dakota § 4.1-25-20
This text of North Dakota § 4.1-25-20 (Trust fund report - Notice to claimants - Approving or modifying report) 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 § 4.1-25-20 (2026).
Text
Upon recovery of the trust fund, or so much as is possible to recover, or as is necessary to
pay all outstanding claims, the department shall file a report in court showing the amount
payable upon each claim, after recognizing any proper liens, pledges, assignments, or
deductions with legal interest. If the fund proves insufficient to redeem all claims in full, the fund
must be prorated among the claimants in a manner the department deems fair and equitable.
Once the report is received from the department, the court shall notify all claimants by mail to
appear on a day fixed in the notice and show cause why the report should not be approved and
the funds distributed as outlined in the report. Upon such hearing the court shall approve or
modify the report as justice may require and shall is
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Bluebook (online)
North Dakota § 4.1-25-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/4.1-25-20.