N.D. Cent. Code § 4.1-25-05
This is the official text of N.D. Cent. Code § 4.1-25-05, 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.
4.1-25-05. Statement of business operations or financial condition - Filing - Review by Bank of North Dakota - Confidential - Audited
Official statutory text
4.1-25-05. Statement of business operations or financial condition - Filing - Review by
Bank of North Dakota - Confidential - Audited.
Each applicant for a license under section 4.1-25-02 who purchases milk from a dairy
producer annually shall file with the department an audited financial statement prepared by an
independent certified public accountant or licensed public accountant in accordance with
generally accepted accounting practices and principles, verified by the accountant as accurately
representing business operations and financial conditions of the applicant for which the
statement is rendered, prepared as of the close of the most recent fiscal year of the applicant. In
lieu of filing an audited financial statement, an applicant may file other forms of security as
provided in section 4.1-25-06. All audited financial statements must be reviewed by the Bank of
North Dakota. All statements under this section are confidential and not open for public
inspection. The department may require additional statements to be audited by a certified public
accountant or a licensed public accountant.
Bank of North Dakota - Confidential - Audited.
Each applicant for a license under section 4.1-25-02 who purchases milk from a dairy
producer annually shall file with the department an audited financial statement prepared by an
independent certified public accountant or licensed public accountant in accordance with
generally accepted accounting practices and principles, verified by the accountant as accurately
representing business operations and financial conditions of the applicant for which the
statement is rendered, prepared as of the close of the most recent fiscal year of the applicant. In
lieu of filing an audited financial statement, an applicant may file other forms of security as
provided in section 4.1-25-06. All audited financial statements must be reviewed by the Bank of
North Dakota. All statements under this section are confidential and not open for public
inspection. The department may require additional statements to be audited by a certified public
accountant or a licensed public accountant.
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.