N.D. Cent. Code § 10-15-48
This is the official text of N.D. Cent. Code § 10-15-48, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
10-15-48. Property omitted from final distribution
Official statutory text
10-15-48. Property omitted from final distribution
1. Upon filing the articles or decree of dissolution, title to any property omitted from the
final distribution vests in the surviving directors or committee members who signed the
articles, as trustees. They have all the powers of the cooperative with respect to such
property and shall distribute the property or its proceeds to the persons beneficially
entitled thereto.
2. When no trustee can be found, the district court of the county where the property is
located has power to appoint trustees upon application of any person having an
interest in such property or its disposition.
3. Any trustee may at any time make application to the proper district court for
supervision of liquidation pursuant to section 10-15-47.
1. Upon filing the articles or decree of dissolution, title to any property omitted from the
final distribution vests in the surviving directors or committee members who signed the
articles, as trustees. They have all the powers of the cooperative with respect to such
property and shall distribute the property or its proceeds to the persons beneficially
entitled thereto.
2. When no trustee can be found, the district court of the county where the property is
located has power to appoint trustees upon application of any person having an
interest in such property or its disposition.
3. Any trustee may at any time make application to the proper district court for
supervision of liquidation pursuant to section 10-15-47.
Status: in_force · Read it on the official government site
Need a lawyer in North Dakota?
Find a North Dakota lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.