N.D. Cent. Code § 6-07.1-13
This is the official text of N.D. Cent. Code § 6-07.1-13, 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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6-07.1-13. Injunction in aid of liquidation
Official statutory text
6-07.1-13. Injunction in aid of liquidation
On application by the receiver, the court may with or without notice issue an injunction
restraining each state trust company, officer, director, manager, managing participant, employee,
shareholder, participant, trustee, agent, employee, attorney, attorney in fact, accountant or
accounting firm, correspondent, or another person from transacting the state trust company's
business or wasting or disposing of its property or requiring the delivery of its property or assets
to the receiver subject to the further order of the court. The court, at any time during a
proceeding under this chapter, may issue another injunction or order considered necessary or
desirable to prevent interference with the receiver of the proceeding, waste of the assets of the
state trust company, the beginning of prosecution of an action, the obtaining of a preference,
judgment, attachment, garnishment, or other lien, or the making of a levy against the state trust
company or its assets.
On application by the receiver, the court may with or without notice issue an injunction
restraining each state trust company, officer, director, manager, managing participant, employee,
shareholder, participant, trustee, agent, employee, attorney, attorney in fact, accountant or
accounting firm, correspondent, or another person from transacting the state trust company's
business or wasting or disposing of its property or requiring the delivery of its property or assets
to the receiver subject to the further order of the court. The court, at any time during a
proceeding under this chapter, may issue another injunction or order considered necessary or
desirable to prevent interference with the receiver of the proceeding, waste of the assets of the
state trust company, the beginning of prosecution of an action, the obtaining of a preference,
judgment, attachment, garnishment, or other lien, or the making of a levy against the state trust
company or its assets.
Status: in_force · Read it on the official government site
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