Commissioner's authority - Grain buyer - Trust assets

N.D. Cent. Code § 4.1-59-03
in effect
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4.1-59-03. Commissioner's authority - Grain buyer - Trust assets Upon the commissioner's determination continued operation of a grain buyer 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 4.1-59-22, or take any combination of these actions as the commissioner deems necessary to begin an orderly liquidation of those trust fund assets as provided in this chapter.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c59.pdf#nameddest=4p1-59-03Fetched: 10/16/2026

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