Reports of certain events
N.D. Cent. Code § 13-09.1-21
in effect13-09.1-21. Reports of certain events
1. A licensee shall file a report with the commissioner within one business day after the
licensee has reason to know of the occurrence of any of the following events:
a. The filing of a petition by or against the licensee under the federal bankruptcy
code [11 U.S.C. Section 101-110], for bankruptcy or reorganization;
b. The filing of a petition by or against the licensee for receivership, the
commencement of any other judicial or administrative proceeding for its
dissolution or reorganization, or the making of a general assignment for the
benefit of its creditors; or
c. The commencement of a proceeding to revoke or suspend its license in a state or
country in which the licensee engages in business or is licensed.
2. A licensee shall file a report with the commissioner within three business days after the
licensee has reason to know of the occurrence of any of the following events:
a. A charge or conviction of the licensee or of a key individual or person in control of
the licensee for a felony; or
b. A charge or conviction of an authorized delegate for a felony.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t13c09-1.pdf#nameddest=13-09p1-21Fetched: 10/16/2026