North Dakota Code 4.1-83-28 – Report of amounts payable – Distribution of trust fund
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1. Upon recovery of the trust fund, or so much of the fund as is recoverable or necessary to pay the outstanding claims, the agriculture commissioner shall file with the claimants a report showing the amount payable on each claim, after recognition of all proper liens, pledges, assignments, and deductions.
Terms Used In North Dakota Code 4.1-83-28
- Commissioner: means the agriculture commissioner or the designee or authorized representative of the commissioner. See North Dakota Code 4.1-01-01
2. If the trust fund is insufficient to pay all claims in full, the agriculture commissioner shall prorate the fund among the claimants.
3. After holding a hearing on the matter, the agriculture commissioner shall:
a. Approve or modify the report; and
b. Issue an order directing that the trust fund be distributed.