North Dakota Statutes

§ 4.1-61-01 — Credit-sale contracts - Assessment on grain - Submission of assessment

North Dakota § 4.1-61-01
JurisdictionNorth Dakota
Title 4.1Agriculture
Ch. 4.1-61Credit-Sale Contract Indemnity

This text of North Dakota § 4.1-61-01 (Credit-sale contracts - Assessment on grain - Submission of assessment) 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 § 4.1-61-01 (2026).

Text

An assessment at the rate of two-tenths of one percent is placed on the value of all grain sold in this state under a credit-sale contract, as provided for in sections 4.1-58-17 and 4.1-59-13. The licensee purchasing the grain shall note the assessment on the contract required under sections 4.1-58-21 and 4.1-59-14 and shall deduct the assessment from the purchase price payable to the seller. The licensee shall submit any assessment collected under this section to the commissioner no later than thirty days after each calendar quarter. The commissioner shall deposit the assessments received under this section in the credit-sale contract indemnity fund.

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Bluebook (online)
North Dakota § 4.1-61-01, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/4.1-61-01.