North Dakota § 4.1-83-22 Appointment of trustee

North Dakota Statutes

§ 4.1-83-22 — Appointment of trustee

North Dakota § 4.1-83-22

Title 4.1Agriculture

Ch. 4.1-83Livestock Dealers

This text of North Dakota § 4.1-83-22 (Appointment of trustee) 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 § 4.1-83-22 (2026).

Text

1.Upon the insolvency of a livestock dealer, the agriculture commissioner shall provide notice to the livestock dealer and may immediately suspend, close, or take control of assets held in the trust fund pursuant to section 4.1-83-21, or take any combination of these actions as the agriculture commissioner deems necessary to begin orderly liquidation of trust fund assets as set forth in this chapter.

2.Upon establishing the trust fund, the agriculture commissioner shall perform the duties of a trustee as set forth in this chapter.

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1. Upon the insolvency of a livestock dealer, the agriculture commissioner shall provide
notice to the livestock dealer and may immediately suspend, close, or take control of
assets held in the trust fund pursuant to section 4.1-83-21, or take any combination of
these actions as the agriculture commissioner deems necessary to begin orderly
liquidation of trust fund assets as set forth in this chapter.
2. Upon establishing the trust fund, the agriculture commissioner shall perform the duties
of a trustee as set forth in this chapter.