North Dakota § 4.1-59-26 Remedy of receiptholders

North Dakota Statutes

§ 4.1-59-26 — Remedy of receiptholders

North Dakota § 4.1-59-26

Title 4.1Agriculture

Ch. 4.1-59Grain Buyers

This text of North Dakota § 4.1-59-26 (Remedy of receiptholders) 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 § 4.1-59-26 (2026).

Text

A receiptholder does not have a separate claim for relief upon any insolvent licensee's
bond, for insurance, against any person converting grain, nor against any other receiptholder,
except through the trustee, unless, upon demand of five or more receiptholders, the
commissioner fails or refuses to apply for the commissioner's own appointment or unless the
district court denies the application. This chapter does not prohibit a receiptholder, either

individually or with other receiptholders, from pursuing concurrently any other remedy against
the person or property of the licensee.

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

A receiptholder does not have a separate claim for relief upon any insolvent licensee's
bond, for insurance, against any person converting grain, nor against any other receiptholder,
except through the trustee, unless, upon demand of five or more receiptholders, the
commissioner fails or refuses to apply for the commissioner's own appointment or unless the
district court denies the application. This chapter does not prohibit a receiptholder, either

individually or with other receiptholders, from pursuing concurrently any other remedy against
the person or property of the licensee.