N.D. Cent. Code § 4.1-61-04
This is the official text of N.D. Cent. Code § 4.1-61-04, 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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4.1-61-04. Credit-sale contract indemnity fund - Eligibility for reimbursement
Official statutory text
4.1-61-04. Credit-sale contract indemnity fund - Eligibility for reimbursement
A person is eligible to receive indemnity payments from the credit-sale contract indemnity
fund if:
1. After August 1, 2003, the person sold grain to a licensed warehouse or a grain buyer in
this state under a credit-sale contract;
2. The licensed warehouse to which the person sold grain or the grain buyer to which the
person sold grain becomes insolvent; and
3. The licensed warehouse or the grain buyer, as a result of the insolvency, does not fully
compensate the person in accordance with the credit-sale contract.
A person is eligible to receive indemnity payments from the credit-sale contract indemnity
fund if:
1. After August 1, 2003, the person sold grain to a licensed warehouse or a grain buyer in
this state under a credit-sale contract;
2. The licensed warehouse to which the person sold grain or the grain buyer to which the
person sold grain becomes insolvent; and
3. The licensed warehouse or the grain buyer, as a result of the insolvency, does not fully
compensate the person in accordance with the credit-sale contract.
Status: in_force · Read it on the official government site
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