™Your Policy Risk Impact Agent
66 chapters · 1,070 sections in this title.
N.D.C.C. § 4.1-58-51 Power of commissioner to prosecute or compromise claims
0.6K chars
The commissioner may: 1. Prosecute an action provided in this chapter in any court in this state or in any other state. 2. Appeal from an adverse judgment to the courts of last resort. 3. Settle and compromise an action if it is in the best interests of the receiptholders. 4. Set…
N.D.C.C. § 4.1-58-52 Commissioner's authority - Warehouseman - Trust assets
0.4K chars
Upon the commissioner's determination continued operation of a warehouseman is likely to result in probable loss of assets to receiptholders, the commissioner may immediately suspend, close, or take control of the assets held in a trust fund described in section 4.1-58-45, or tak…
N.D.C.C. § 4.1-58-53 Money received by trustee - Deposited in Bank of North Dakota
0.2K chars
All moneys collected and received by the commissioner as trustee under this chapter, pending the marshalling of the fund, must be deposited in the Bank of North Dakota.
N.D.C.C. § 4.1-58-54 Report of trustee - Approval - Distribution
2.1K chars
1. Upon the receipt and evaluation of claims, the commissioner shall file a report showing the amount and validity of each claim after recognizing relevant: a. Liens or pledges; b. Assignments; c. Deductions due to advances or offsets accrued for the licensee; d. Cash claims or c…
