North Dakota § 4.1-58-52 Commissioner's authority - Warehouseman - Trust assets

North Dakota Statutes

§ 4.1-58-52 — Commissioner's authority - Warehouseman - Trust assets

North Dakota § 4.1-58-52

Title 4.1Agriculture

Ch. 4.1-58Grain and Seed Warehouses

This text of North Dakota § 4.1-58-52 (Commissioner's authority - Warehouseman - Trust assets) 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 § 4.1-58-52 (2026).

Text

Upon the commissioner's determination continued operation of a warehouseman is likely to
result in probable loss of assets to receiptholders, the commissioner may immediately suspend,
close, or take control of the assets held in a trust fund described in section 4.1-58-45, or take
any combination of these actions as the commissioner deems necessary to begin an orderly
liquidation of those trust fund assets as provided in this chapter.

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Upon the commissioner's determination continued operation of a warehouseman is likely to
result in probable loss of assets to receiptholders, the commissioner may immediately suspend,
close, or take control of the assets held in a trust fund described in section 4.1-58-45, or take
any combination of these actions as the commissioner deems necessary to begin an orderly
liquidation of those trust fund assets as provided in this chapter.