North Dakota § 4.1-59-03 Commissioner's authority - Grain buyer - Trust assets

North Dakota Statutes

§ 4.1-59-03 — Commissioner's authority - Grain buyer - Trust assets

North Dakota § 4.1-59-03

Title 4.1Agriculture

Ch. 4.1-59Grain Buyers

This text of North Dakota § 4.1-59-03 (Commissioner's authority - Grain buyer - 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 § 4.1-59-03 (2026).

Text

Upon the commissioner's determination continued operation of a grain buyer 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 4.1-59-22, 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.

Free access — add to your briefcase to read the full text and ask questions with AI

Upon the commissioner's determination continued operation of a grain buyer 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 4.1-59-22, 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.