Bond - Claim for relief
N.D. Cent. Code § 4.1-83-21
in effect4.1-83-21. Bond - Claim for relief
If a livestock dealer defaults in the provisions of any bond required by this chapter, the
livestock dealer is deemed to be insolvent within the meaning of this chapter. The claim for relief
for damages upon the bond, and the amount recovered in any claim for relief for the conversion
of livestock purchased by the livestock dealer while the license is in force and effect, constitutes
a trust fund in the hands of the agriculture commissioner for all persons having a claim for relief
against the livestock dealer on the bond.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c83.pdf#nameddest=4p1-83-21Fetched: 10/16/2026