Application for license - Posting of bond
N.D. Cent. Code § 4.1-83-05
in effect4.1-83-05. Application for license - Posting of bond
1. As a condition of licensure, the applicant shall post a bond with the agriculture
commissioner. The bond must be:
a. A surety bond;
b. A cash bond; or
c. An irrevocable letter of credit.
2. The agriculture commissioner must be named as the obligee.
3. The bond required by this section must be:
a. In an amount and form required by this chapter;
b. Applicable to the period during which the livestock dealer's license is in effect;
c. For the benefit of any person selling livestock to the livestock dealer or the
dealer's agent; and
d. Conditioned for the payment of any financial obligation owed by a livestock dealer
to another person in conjunction with the sale of livestock.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c83.pdf#nameddest=4p1-83-05Fetched: 10/16/2026