Credit-sale contract indemnity fund - Availability of money

N.D. Cent. Code § 4.1-61-05
in effect
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4.1-61-05. Credit-sale contract indemnity fund - Availability of money Upon the insolvency of a licensed warehouse or a grain buyer and a declaration the commissioner serve as the trustee, the commissioner shall make the proceeds of the credit-sale contract indemnity fund available for use in meeting the licensee's obligations with respect to the reimbursement of a person that sold grain to the licensee under a credit-sale contract and who was not fully compensated in accordance with the contract.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c61.pdf#nameddest=4p1-61-05Fetched: 10/16/2026

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