N.D. Cent. Code § 4.1-57-14
This is the official text of N.D. Cent. Code § 4.1-57-14, 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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4.1-57-14. Report - Notice to claimants - Payment of claims
Official statutory text
4.1-57-14. Report - Notice to claimants - Payment of claims
Upon recovery of the trust fund, or so much of the fund as is possible to recover or
necessary to pay all outstanding claims, the seed commissioner shall file a report in court
showing the amount payable on each claim. If the fund is insufficient to pay all claims in full, the
seed commissioner shall prorate the fund among the claimants. The court shall notify the
claimants by mail regarding the proposed distribution and direct that the claimants show cause
why the report should not be approved and distribution made in accordance with the report.
After holding a hearing on the matter, the court shall approve or modify the report, issue an
order directing the distribution of the fund, and discharge the seed commissioner from all duties
as trustee.
Upon recovery of the trust fund, or so much of the fund as is possible to recover or
necessary to pay all outstanding claims, the seed commissioner shall file a report in court
showing the amount payable on each claim. If the fund is insufficient to pay all claims in full, the
seed commissioner shall prorate the fund among the claimants. The court shall notify the
claimants by mail regarding the proposed distribution and direct that the claimants show cause
why the report should not be approved and distribution made in accordance with the report.
After holding a hearing on the matter, the court shall approve or modify the report, issue an
order directing the distribution of the fund, and discharge the seed commissioner from all duties
as trustee.
Status: in_force · Read it on the official government site
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