North Dakota § 4.1-61-08 Reimbursement for later insolvencies

North Dakota Statutes

§ 4.1-61-08 — Reimbursement for later insolvencies

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

The commissioner shall ensure all persons eligible for payment from the indemnity fund as
a result of an insolvency are fully compensated to the extent permitted by this chapter before
any payments from the indemnity fund are initiated as a result of a later insolvency. The
chronological order of insolvencies is determined by the date the commissioner is appointed
trustee under section 4.1-58-40 or 4.1-59-21.

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The commissioner shall ensure all persons eligible for payment from the indemnity fund as
a result of an insolvency are fully compensated to the extent permitted by this chapter before
any payments from the indemnity fund are initiated as a result of a later insolvency. The
chronological order of insolvencies is determined by the date the commissioner is appointed
trustee under section 4.1-58-40 or 4.1-59-21.

North Dakota § 4.1-61-08 (Reimbursement for later insolvencies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.