N.D. Cent. Code § 4.1-25-08
This is the official text of N.D. Cent. Code § 4.1-25-08, 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.
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4.1-25-08. Additional security
Official statutory text
4.1-25-08. Additional security
When the department determines the value of milk purchased or received from producers
has increased or an increase reasonably may be anticipated, so the total amount of security
does not comply with the amount required by subsection 1 or 2 of section 4.1-25-06, the
department shall require additional security to afford producers the protection intended by
section 4.1-25-06. The department may suspend or revoke any license if the licensee fails to
provide the additional security required by the department under this section.
When the department determines the value of milk purchased or received from producers
has increased or an increase reasonably may be anticipated, so the total amount of security
does not comply with the amount required by subsection 1 or 2 of section 4.1-25-06, the
department shall require additional security to afford producers the protection intended by
section 4.1-25-06. The department may suspend or revoke any license if the licensee fails to
provide the additional security required by the department under this section.
Status: in_force · Read it on the official government site
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