North Dakota § 4.1-58-51 Power of commissioner to prosecute or compromise claims

North Dakota Statutes

§ 4.1-58-51 — Power of commissioner to prosecute or compromise claims

North Dakota § 4.1-58-51

Title 4.1Agriculture

Ch. 4.1-58Grain and Seed Warehouses

This text of North Dakota § 4.1-58-51 (Power of commissioner to prosecute or compromise claims) 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 § 4.1-58-51 (2026).

Text

The commissioner may:

1.Prosecute an action provided in this chapter in any court in this state or in any other state.

2.Appeal from an adverse judgment to the courts of last resort.

3.Settle and compromise an action if it is in the best interests of the receiptholders.

4.Settle and compromise an action if it is in the best interests of the credit-sale contract claimants.

5.Upon payment of the amount of the compromise or of the full amount of an insurance policy, bond, or conversion claim, exonerate the person so compromising or paying in full from further liability growing out of the action.

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The commissioner may:
1. Prosecute an action provided in this chapter in any court in this state or in any other
state.
2. Appeal from an adverse judgment to the courts of last resort.
3. Settle and compromise an action if it is in the best interests of the receiptholders.
4. Settle and compromise an action if it is in the best interests of the credit-sale contract
claimants.
5. Upon payment of the amount of the compromise or of the full amount of an insurance
policy, bond, or conversion claim, exonerate the person so compromising or paying in
full from further liability growing out of the action.