North Dakota § 4.1-83-25 Remedy of claimants - Pursuit of separate action

North Dakota Statutes

§ 4.1-83-25 — Remedy of claimants - Pursuit of separate action

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

1.A claimant may not pursue a separate claim for relief against the livestock dealer's bond unless the agriculture commissioner fails or refuses to apply for appointment as trustee.

2.A claimant may pursue concurrently with the agriculture commissioner, however, any other remedy against the livestock dealer or the dealer's property that the claimant may have for the entire claim or for any deficiency that occurs after all payments have been made from the trust fund.

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1. A claimant may not pursue a separate claim for relief against the livestock dealer's
bond unless the agriculture commissioner fails or refuses to apply for appointment as
trustee.
2. A claimant may pursue concurrently with the agriculture commissioner, however, any
other remedy against the livestock dealer or the dealer's property that the claimant
may have for the entire claim or for any deficiency that occurs after all payments have
been made from the trust fund.

North Dakota § 4.1-83-25 (Remedy of claimants - Pursuit of separate action) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.