N.D. Cent. Code § 4.1-83-21
This is the official text of N.D. Cent. Code § 4.1-83-21, 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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4.1-83-21. Bond - Claim for relief
Official statutory text
4.1-83-21. Bond - Claim for relief
If a livestock dealer defaults in the provisions of any bond required by this chapter, the
livestock dealer is deemed to be insolvent within the meaning of this chapter. The claim for relief
for damages upon the bond, and the amount recovered in any claim for relief for the conversion
of livestock purchased by the livestock dealer while the license is in force and effect, constitutes
a trust fund in the hands of the agriculture commissioner for all persons having a claim for relief
against the livestock dealer on the bond.
If a livestock dealer defaults in the provisions of any bond required by this chapter, the
livestock dealer is deemed to be insolvent within the meaning of this chapter. The claim for relief
for damages upon the bond, and the amount recovered in any claim for relief for the conversion
of livestock purchased by the livestock dealer while the license is in force and effect, constitutes
a trust fund in the hands of the agriculture commissioner for all persons having a claim for relief
against the livestock dealer on the bond.
Status: in_force · Read it on the official government site
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