N.D. Cent. Code § 4.1-59-10
This is the official text of N.D. Cent. Code § 4.1-59-10, 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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4.1-59-10. Bond discount
Official statutory text
4.1-59-10. Bond discount
1. The licensee may request a bond reduction based upon the licensee's payment policy.
a. The required bond is reduced by thirty percent for a licensee that establishes and
follows a payment policy approved by the commissioner of ten days or fewer.
b. The required bond is reduced by fifteen percent for a licensee that establishes
and follows a payment policy approved by the commissioner of eleven to
twenty-one days.
2. A reduction under this section may not be used to reduce required bond below the
minimum bond set by law.
1. The licensee may request a bond reduction based upon the licensee's payment policy.
a. The required bond is reduced by thirty percent for a licensee that establishes and
follows a payment policy approved by the commissioner of ten days or fewer.
b. The required bond is reduced by fifteen percent for a licensee that establishes
and follows a payment policy approved by the commissioner of eleven to
twenty-one days.
2. A reduction under this section may not be used to reduce required bond below the
minimum bond set by law.
Status: in_force · Read it on the official government site
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