North Dakota § 51-07-25 Motor vehicle fuel franchise agreements

North Dakota Statutes

§ 51-07-25 — Motor vehicle fuel franchise agreements

North Dakota § 51-07-25

Title 51Sales and Exchanges

Ch. 51-07Miscellaneous Provisions

This text of North Dakota § 51-07-25 (Motor vehicle fuel franchise agreements) 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 § 51-07-25 (2026).

Text

A motor vehicle fuel franchise agreement may not require a security deposit except for the
purpose of securing against loss of or damage to property. The dealer may satisfy any security
deposit required by depositing cash or pledging a savings account or its equivalent in a financial
institution in this state. Earnings accruing on a savings account or its equivalent are the property
of the dealer and the dealer may withdraw the earnings annually from the account.

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A motor vehicle fuel franchise agreement may not require a security deposit except for the
purpose of securing against loss of or damage to property. The dealer may satisfy any security
deposit required by depositing cash or pledging a savings account or its equivalent in a financial
institution in this state. Earnings accruing on a savings account or its equivalent are the property
of the dealer and the dealer may withdraw the earnings annually from the account.