Appointment of trustee
N.D. Cent. Code § 4.1-83-22
in effect4.1-83-22. Appointment of trustee
1. Upon the insolvency of a livestock dealer, the agriculture commissioner shall provide
notice to the livestock dealer and may immediately suspend, close, or take control of
assets held in the trust fund pursuant to section 4.1-83-21, or take any combination of
these actions as the agriculture commissioner deems necessary to begin orderly
liquidation of trust fund assets as set forth in this chapter.
2. Upon establishing the trust fund, the agriculture commissioner shall perform the duties
of a trustee as set forth in this chapter.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c83.pdf#nameddest=4p1-83-22Fetched: 10/16/2026