North Dakota Century Code Title 32. Judicial Remedies § 32-10.1-07. Receiver's bond--Alternative security

1. Except as provided under subsection 2, a receiver shall post a bond with the court which:

2. The court may approve the posting by a receiver with the court of alternative security, including a letter of credit or deposit of funds. The receiver may not use receivership property as alternative security. Interest that accrues on deposited funds must be paid to the receiver on the receiver's discharge.

3. The court may authorize a receiver to act before the receiver posts the bond or alternative security required by this section.

4. A claim against a receiver's bond or alternative security must be made not later than twelve months after the date the receiver is discharged.