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

North Dakota Statutes

§ 4.1-61-08 — Reimbursement for later insolvencies

North Dakota § 4.1-61-08

Title 4.1Agriculture

Ch. 4.1-61Credit-Sale Contract Indemnity

This text of North Dakota § 4.1-61-08 (Reimbursement for later insolvencies) 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 § 4.1-61-08 (2026).

Text

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.

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

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.