N.D. Cent. Code § 4.1-57-13
This is the official text of N.D. Cent. Code § 4.1-57-13, 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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4.1-57-13. Seed commissioner - Appointment as trustee
Official statutory text
4.1-57-13. Seed commissioner - Appointment as trustee
1. If a person notifies the seed commissioner that a wholesale potato dealer has
breached any of the conditions for which security was given under this chapter, the
seed commissioner shall investigate the allegation.
2. The seed commissioner may hold a hearing to obtain additional testimony and
documentary evidence. If the seed commissioner determines that the allegation is
supportable, the seed commissioner shall apply to the district court of the county in
which the claim is alleged to have occurred for appointment as trustee.
3. Upon notice to the wholesale potato dealer as the court may prescribe or upon waiver
of notice by the dealer, the court shall hear the matter in a summary manner. If the
court determines that the dealer has breached any condition for which security was
given under this chapter and if the court determines that it would be in the best interest
of all persons holding claims against the dealer that the seed commissioner execute
the trust, the court shall issue an order appointing the seed commissioner as a trustee,
without bond. The seed commissioner shall proceed in the manner provided for in this
chapter.
4. The seed commissioner, as trustee, shall notify by certified mail all persons having
claims against the dealer that the claims must be filed with the seed commissioner by
a date certain. Any person who fails to file a claim within the time allotted is barred
from participation in any fund marshalled by the seed commissioner under this
chapter.
5. All moneys collected and received by the seed commissioner as trustee must be
deposited in the Bank of North Dakota pending the marshalling of the fund.
1. If a person notifies the seed commissioner that a wholesale potato dealer has
breached any of the conditions for which security was given under this chapter, the
seed commissioner shall investigate the allegation.
2. The seed commissioner may hold a hearing to obtain additional testimony and
documentary evidence. If the seed commissioner determines that the allegation is
supportable, the seed commissioner shall apply to the district court of the county in
which the claim is alleged to have occurred for appointment as trustee.
3. Upon notice to the wholesale potato dealer as the court may prescribe or upon waiver
of notice by the dealer, the court shall hear the matter in a summary manner. If the
court determines that the dealer has breached any condition for which security was
given under this chapter and if the court determines that it would be in the best interest
of all persons holding claims against the dealer that the seed commissioner execute
the trust, the court shall issue an order appointing the seed commissioner as a trustee,
without bond. The seed commissioner shall proceed in the manner provided for in this
chapter.
4. The seed commissioner, as trustee, shall notify by certified mail all persons having
claims against the dealer that the claims must be filed with the seed commissioner by
a date certain. Any person who fails to file a claim within the time allotted is barred
from participation in any fund marshalled by the seed commissioner under this
chapter.
5. All moneys collected and received by the seed commissioner as trustee must be
deposited in the Bank of North Dakota pending the marshalling of the fund.
Status: in_force · Read it on the official government site
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