N.D. Cent. Code § 4.1-59-27
This is the official text of N.D. Cent. Code § 4.1-59-27, 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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4.1-59-27. Commissioner to marshall trust assets
Official statutory text
4.1-59-27. Commissioner to marshall trust assets
Upon the commissioner's appointment, the commissioner shall marshall all trust fund
assets. The commissioner may maintain suits in the name of the state of North Dakota for the
benefit of all receiptholders against the licensee's bonds, insurers of grain, any person that may
have converted any grain, and any person that may have received preferential treatment by
being paid by the insolvent licensee after the first default.
Upon the commissioner's appointment, the commissioner shall marshall all trust fund
assets. The commissioner may maintain suits in the name of the state of North Dakota for the
benefit of all receiptholders against the licensee's bonds, insurers of grain, any person that may
have converted any grain, and any person that may have received preferential treatment by
being paid by the insolvent licensee after the first default.
Status: in_force · Read it on the official government site
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