N.D. Cent. Code § 4.1-59-25

4.1-59-25. Notice to receiptholders and credit-sale contract claimants

1. Upon the commissioner's appointment, the commissioner may take possession of

relevant books and records of the licensee.

2. If the insolvency involves a roving grain buyer, the commissioner shall publish a notice

of the commissioner's appointment once each week for two consecutive weeks in all

daily newspapers in the state and may notify, by ordinary mail, the holders of record of

outstanding receipts and those that are potential credit-sale contract claimants,

disclosed by the licensee's records.

3. If the insolvency involves a grain processor, the notice must be published once each

week for two consecutive weeks in a newspaper in the county in which the facility is

located.

4. The notice must require outstanding receiptholders and credit-sale contract claimants

to file claims with the commissioner along with the receipts, contracts, or other

evidence of the claims required by the commissioner.

5. If an outstanding receiptholder or credit-sale contract claimant fails to submit a claim

within forty-five days after the last publication of the notice or a longer time set by the

commissioner, the commissioner is relieved of further duty in the administration of the

insolvency on behalf of the receiptholder or credit-sale contract claimant and the

receiptholder may be barred from participation in the trust fund, and the credit-sale

contract claimant may be barred from payment for any amount due.

6. Outstanding receiptholders and credit-sale contract claimants are not parties to the

insolvency action unless admitted by the court upon a motion for intervention.