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Current as of January 01, 2024 | Updated by Findlaw Staff
Upon the commissioner's determination continued operation of a grain buyer 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 4.1-59-22, 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.
Cite this article: FindLaw.com - North Dakota Century Code Title 4.1. Agriculture § 4.1-59-03. Commissioner's authority--Grain buyer--Trust assets - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-4-1-agriculture/nd-cent-code-sect-4-1-59-03/
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