North Dakota Code 11-21-10 – Public administrator to act as receiver in assignment for the benefit of creditors
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When a person makes an assignment for the benefit of creditors, the public administrator, either on the administrator’s own petition or on the petition of a creditor of the assignor, shall be appointed receiver and shall administer the assignment in the place of the assignee named therein.
Terms Used In North Dakota Code 11-21-10
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49