North Dakota Code 4.1-83-25 – Remedy of claimants – Pursuit of separate action
Current as of: 2023 | Check for updates
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1. A claimant may not pursue a separate claim for relief against the livestock dealer’s bond unless the agriculture commissioner fails or refuses to apply for appointment as trustee.
Terms Used In North Dakota Code 4.1-83-25
- Commissioner: means the agriculture commissioner or the designee or authorized representative of the commissioner. See North Dakota Code 4.1-01-01
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- Trustee: A person or institution holding and administering property in trust.
2. A claimant may pursue concurrently with the agriculture commissioner, however, any other remedy against the livestock dealer or the dealer’s property that the claimant may have for the entire claim or for any deficiency that occurs after all payments have been made from the trust fund.