North Dakota Statutes

§ 4.1-59-23 — Joinder of surety - Deposit of proceeds

North Dakota·Title 4.1 Agriculture·Ch. 4.1-59 Grain Buyers

Each surety on the insolvent licensee's bonds must be joined as a party to the insolvency
proceeding. If it is in the best interests of the receiptholders, the court may order a surety to
deposit some or all of the penal sum of the bond into the trustee's trust account pending
determination of the surety's liability under the bond.

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