North Dakota Century Code Title 32. Judicial Remedies § 32-10.1-19. Notice of appointment--Claim against receivership--Distribution to creditors

1. Except as otherwise provided in subsection 6, a receiver shall give notice of appointment of the receiver to creditors of the owner by:

2. Except as otherwise provided in subsection 6, the notice required under subsection 1 must specify the date by which each creditor holding a claim against the owner which arose before appointment of the receiver must submit the claim to the receiver. The date specified must be at least ninety days after the later of notice under subdivision a of subsection 1 or last publication under subdivision b of subsection 1. The court may extend the period for submitting the claim. Unless the court orders otherwise, a claim that is not submitted timely is not entitled to a distribution from the receivership.

3. A claim submitted by a creditor under this section must:

4. An assignment by a creditor of a claim against the owner is effective against the receiver only if the assignee gives timely notice of the assignment to the receiver in a signed record.

5. At any time before entry of an order approving a receiver's final report, the receiver may file with the court an objection to a claim of a creditor, stating the basis for the objection. The court shall allow or disallow the claim according to any other provision of law.

6. If the court concludes receivership property is likely to be insufficient to satisfy claims of each creditor holding a perfected lien on the property, the court may order that:

7. Subject to section 32-10.1-20: