Commissioner to marshall trust assets

N.D. Cent. Code § 4.1-59-27
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
4.1-59-27. Commissioner to marshall trust assets Upon the commissioner's appointment, the commissioner shall marshall all trust fund assets. The commissioner may maintain suits in the name of the state of North Dakota for the benefit of all receiptholders against the licensee's bonds, insurers of grain, any person that may have converted any grain, and any person that may have received preferential treatment by being paid by the insolvent licensee after the first default.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c59.pdf#nameddest=4p1-59-27Fetched: 10/16/2026

Starting a business in North Dakota? North Dakota LLC guide: costs and requirements