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Current as of January 01, 2024 | Updated by Findlaw Staff
1. The licensee may request a bond reduction based upon the licensee's conversion policy.
a. The required bond is reduced by thirty percent for a licensee that establishes and follows a conversion policy approved by the commissioner of ten days or fewer.
b. The required bond is reduced by fifteen percent for a licensee that establishes and follows a conversion policy approved by the commissioner of eleven to twenty-one days.
2. A reduction under this section may not be used to reduce the required bond below the minimum bond set in law.
Cite this article: FindLaw.com - North Dakota Century Code Title 4.1. Agriculture § 4.1-58-13. Bond discount - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-4-1-agriculture/nd-cent-code-sect-4-1-58-13/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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