North Dakota § 51-15-08 Powers of receiver

North Dakota Statutes

§ 51-15-08 — Powers of receiver

North Dakota § 51-15-08

Title 51Sales and Exchanges

Ch. 51-15Unlawful Sales or Advertising Practices

This text of North Dakota § 51-15-08 (Powers of receiver) 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 § 51-15-08 (2026).

Text

When a receiver is appointed by the court pursuant to this chapter, the receiver may sue for,
collect, receive, or take into possession all the goods and chattels, rights and credits, moneys
and effects, lands and tenements, books, records, documents, papers, choses in action, bills,
notes, and property of every description, derived by means of any practice declared to be
unlawful by this chapter, or by other provisions of law, including chapter 50-22, 51-12, 51-13,
51-14, 51-16.1, or 51-18, including property with which the property has been commingled if it
cannot be identified in kind because of the commingling, and sell, convey, and assign the
property and hold and dispose of the proceeds under the direction of the court. Any person who
has suffered damages as a result of the use or em

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When a receiver is appointed by the court pursuant to this chapter, the receiver may sue for,
collect, receive, or take into possession all the goods and chattels, rights and credits, moneys
and effects, lands and tenements, books, records, documents, papers, choses in action, bills,
notes, and property of every description, derived by means of any practice declared to be
unlawful by this chapter, or by other provisions of law, including chapter 50-22, 51-12, 51-13,
51-14, 51-16.1, or 51-18, including property with which the property has been commingled if it
cannot be identified in kind because of the commingling, and sell, convey, and assign the
property and hold and dispose of the proceeds under the direction of the court. Any person who
has suffered damages as a result of the use or employment of any unlawful practices and
submits proof to the satisfaction of the court that that person has in fact been damaged may
participate with general creditors in the distribution of the assets to the extent that person has

sustained out-of-pocket losses. The court has jurisdiction of all questions arising in these
proceedings and may make orders and judgments therein as may be required.