N.D. Cent. Code § 4.1-83-22
This is the official text of N.D. Cent. Code § 4.1-83-22, 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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4.1-83-22. Appointment of trustee
Official statutory text
4.1-83-22. Appointment of trustee
1. Upon the insolvency of a livestock dealer, the agriculture commissioner shall provide
notice to the livestock dealer and may immediately suspend, close, or take control of
assets held in the trust fund pursuant to section 4.1-83-21, or take any combination of
these actions as the agriculture commissioner deems necessary to begin orderly
liquidation of trust fund assets as set forth in this chapter.
2. Upon establishing the trust fund, the agriculture commissioner shall perform the duties
of a trustee as set forth in this chapter.
1. Upon the insolvency of a livestock dealer, the agriculture commissioner shall provide
notice to the livestock dealer and may immediately suspend, close, or take control of
assets held in the trust fund pursuant to section 4.1-83-21, or take any combination of
these actions as the agriculture commissioner deems necessary to begin orderly
liquidation of trust fund assets as set forth in this chapter.
2. Upon establishing the trust fund, the agriculture commissioner shall perform the duties
of a trustee as set forth in this chapter.
Status: in_force · Read it on the official government site
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