N.D. Cent. Code § 6-07.2-07

6-07.2-07. Presentation of claims - Notice of claims procedure - Rejection of claims -

Statute of limitations.

1. All parties having claims against the closed institution shall present the claims of the

parties supported by proof to the receiver within one hundred eighty days after the

commissioner has taken possession. This period may be extended by written

agreement between the claimant and the receiver. The receiver shall cause notice of

the claims procedures prescribed by this section to be made public and mailed to each

person whose name appears as a creditor upon books of the institution at the person's

last address of record. Within one hundred eighty days following receipt of the claim,

the receiver shall notify in writing any claimant whose claim has been rejected. Notice

is effective when mailed. A claimant whose claim has been rejected by the receiver

may petition a court for a hearing on the claim within sixty days from the date the claim

was rejected. The claim of a party against the closed institution must be disallowed,

other than any portion of the claim which was allowed by the receiver, as of the end of

the sixty-day period if the party having the claim fails to:

a. Request an administrative review of any claim by the receiver in accordance with

proper procedure; or

b. File suit on the claim, or continue an action commenced before the appointment

of the receiver, before the end of the sixty-day period.

2. The disallowance is final, and the claimant has no further rights or remedies with

respect to the claim.