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·Title 4.1 Agriculture·Ch. 4.1-58 Grain and Seed Warehouses

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.

North Dakota § 4.1-58-51 (Power of commissioner to prosecute or compromise claims) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.