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

North Dakota Statutes

§ 4.1-83-21 — Bond - Claim for relief

North Dakota § 4.1-83-21

Title 4.1Agriculture

Ch. 4.1-83Livestock Dealers

This text of North Dakota § 4.1-83-21 (Bond - Claim for relief) 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 § 4.1-83-21 (2026).

Text

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.