North Dakota § 4.1-83-05 Application for license - Posting of bond

North Dakota Statutes

§ 4.1-83-05 — Application for license - Posting of bond

North Dakota § 4.1-83-05

Title 4.1Agriculture

Ch. 4.1-83Livestock Dealers

This text of North Dakota § 4.1-83-05 (Application for license - Posting of bond) 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 § 4.1-83-05 (2026).

Text

1.As a condition of licensure, the applicant shall post a bond with the agriculture commissioner. The bond must be:

a.A surety bond;

b.A cash bond; or

c.An irrevocable letter of credit.

2.The agriculture commissioner must be named as the obligee.

3.The bond required by this section must be:

a.In an amount and form required by this chapter;

b.Applicable to the period during which the livestock dealer's license is in effect;

c.For the benefit of any person selling livestock to the livestock dealer or the dealer's agent; and

d.Conditioned for the payment of any financial obligation owed by a livestock dealer to another person in conjunction with the sale of livestock.

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

1. As a condition of licensure, the applicant shall post a bond with the agriculture
commissioner. The bond must be:
a. A surety bond;
b. A cash bond; or
c. An irrevocable letter of credit.
2. The agriculture commissioner must be named as the obligee.
3. The bond required by this section must be:
a. In an amount and form required by this chapter;
b. Applicable to the period during which the livestock dealer's license is in effect;
c. For the benefit of any person selling livestock to the livestock dealer or the
dealer's agent; and
d. Conditioned for the payment of any financial obligation owed by a livestock dealer
to another person in conjunction with the sale of livestock.