North Dakota § 4.1-59-27 Commissioner to marshall trust assets

North Dakota Statutes

§ 4.1-59-27 — Commissioner to marshall trust assets

North Dakota § 4.1-59-27

Title 4.1Agriculture

Ch. 4.1-59Grain Buyers

This text of North Dakota § 4.1-59-27 (Commissioner to marshall 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 § 4.1-59-27 (2026).

Text

Upon the commissioner's appointment, the commissioner shall marshall all trust fund
assets. The commissioner may maintain suits in the name of the state of North Dakota for the
benefit of all receiptholders against the licensee's bonds, insurers of grain, any person that may
have converted any grain, and any person that may have received preferential treatment by
being paid by the insolvent licensee after the first default.

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Upon the commissioner's appointment, the commissioner shall marshall all trust fund
assets. The commissioner may maintain suits in the name of the state of North Dakota for the
benefit of all receiptholders against the licensee's bonds, insurers of grain, any person that may
have converted any grain, and any person that may have received preferential treatment by
being paid by the insolvent licensee after the first default.