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

North Dakota Statutes

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

North Dakota·Title 4.1 Agriculture·Ch. 4.1-61 Credit-Sale Contract Indemnity

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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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.

North Dakota § 4.1-61-01 (Credit-sale contracts - Assessment on grain - Submission of assessment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.