North Dakota § 4.1-83-21 Bond - Claim for relief

North Dakota Statutes

§ 4.1-83-21 — Bond - Claim for relief

North Dakota·Title 4.1 Agriculture·Ch. 4.1-83 Livestock Dealers

If a livestock dealer defaults in the provisions of any bond required by this chapter, the
livestock dealer is deemed to be insolvent within the meaning of this chapter. The claim for relief

for damages upon the bond, and the amount recovered in any claim for relief for the conversion
of livestock purchased by the livestock dealer while the license is in force and effect, constitutes
a trust fund in the hands of the agriculture commissioner for all persons having a claim for relief
against the livestock dealer on the bond.

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If a livestock dealer defaults in the provisions of any bond required by this chapter, the
livestock dealer is deemed to be insolvent within the meaning of this chapter. The claim for relief

for damages upon the bond, and the amount recovered in any claim for relief for the conversion
of livestock purchased by the livestock dealer while the license is in force and effect, constitutes
a trust fund in the hands of the agriculture commissioner for all persons having a claim for relief
against the livestock dealer on the bond.

North Dakota § 4.1-83-21 (Bond - Claim for relief) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.