Commissioner's authority - Warehouseman - Trust assets

N.D. Cent. Code § 4.1-58-52
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
4.1-58-52. Commissioner's authority - Warehouseman - Trust assets Upon the commissioner's determination continued operation of a warehouseman is likely to result in probable loss of assets to receiptholders, the commissioner may immediately suspend, close, or take control of the assets held in a trust fund described in section 4.1-58-45, or take any combination of these actions as the commissioner deems necessary to begin an orderly liquidation of those trust fund assets as provided in this chapter.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c58.pdf#nameddest=4p1-58-52Fetched: 10/16/2026

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

N.D. Cent. Code § 4.1-58-52 — Commissioner's authority - Warehouseman - Trust assets | North Dakota Century Code (Aug. 2026 snapshot) | Corpus