North Dakota § 4.1-61-04 Credit-sale contract indemnity fund - Eligibility for reimbursement

North Dakota Statutes

§ 4.1-61-04 — Credit-sale contract indemnity fund - Eligibility for reimbursement

North Dakota § 4.1-61-04

Title 4.1Agriculture

Ch. 4.1-61Credit-Sale Contract Indemnity

This text of North Dakota § 4.1-61-04 (Credit-sale contract indemnity fund - Eligibility for reimbursement) 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 § 4.1-61-04 (2026).

Text

A person is eligible to receive indemnity payments from the credit-sale contract indemnity fund if:

1.After August 1, 2003, the person sold grain to a licensed warehouse or a grain buyer in this state under a credit-sale contract;

2.The licensed warehouse to which the person sold grain or the grain buyer to which the person sold grain becomes insolvent; and

3.The licensed warehouse or the grain buyer, as a result of the insolvency, does not fully compensate the person in accordance with the credit-sale contract.

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

A person is eligible to receive indemnity payments from the credit-sale contract indemnity
fund if:
1. After August 1, 2003, the person sold grain to a licensed warehouse or a grain buyer in
this state under a credit-sale contract;
2. The licensed warehouse to which the person sold grain or the grain buyer to which the
person sold grain becomes insolvent; and
3. The licensed warehouse or the grain buyer, as a result of the insolvency, does not fully
compensate the person in accordance with the credit-sale contract.