North Dakota § 4.1-83-08 Bond - Minimum amount

North Dakota Statutes

§ 4.1-83-08 — Bond - Minimum amount

North Dakota § 4.1-83-08

Title 4.1Agriculture

Ch. 4.1-83Livestock Dealers

This text of North Dakota § 4.1-83-08 (Bond - Minimum amount) 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 § 4.1-83-08 (2026).

Text

1.The agriculture commissioner shall determine the amount of the bond required in accordance with this chapter by using the same basis as that prescribed for livestock dealers who are subject to the provisions of the Packers and Stockyards Act, 1921 [7 U.S.C. 181 et seq.].

2.Notwithstanding subsection 1, if at the time of licensure or at any point during the period of licensure the agriculture commissioner has reason to believe that a bond is inadequate to secure the performance of the livestock dealer's obligations, the commissioner shall require an increase in the amount of the bond.

3.A bond required by this chapter may not be in an amount less than ten thousand dollars.

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1. The agriculture commissioner shall determine the amount of the bond required in
accordance with this chapter by using the same basis as that prescribed for livestock
dealers who are subject to the provisions of the Packers and Stockyards Act, 1921
[7 U.S.C. 181 et seq.].
2. Notwithstanding subsection 1, if at the time of licensure or at any point during the
period of licensure the agriculture commissioner has reason to believe that a bond is
inadequate to secure the performance of the livestock dealer's obligations, the
commissioner shall require an increase in the amount of the bond.
3. A bond required by this chapter may not be in an amount less than ten thousand
dollars.