North Dakota Statutes

§ 51-06-02 — Retention of redemption funds

North Dakota § 51-06-02
JurisdictionNorth Dakota
Title 51Sales and Exchanges
Ch. 51-06Trading Stamps and Devices

This text of North Dakota § 51-06-02 (Retention of redemption funds) 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 § 51-06-02 (2026).

Text

Any person, firm, corporation, limited liability company, or association furnishing trading stamps to retailers and agreeing to redeem trading stamps as provided in this chapter may not discontinue the redemption of trading stamps without first notifying the secretary of state of such intention to discontinue redemption. Upon such notice, the secretary of state shall direct that all funds set aside by the person, firm, corporation, limited liability company, or association for the redemption of trading stamps and such additional funds as in the judgment of the secretary of state may be necessary, be retained by such person, firm, corporation, limited liability company, or association responsible for the redemption of trading stamps for a period of six months for the purpose of redeeming ou

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Bluebook (online)
North Dakota § 51-06-02, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/51-06-02.