N.D. Cent. Code § 13-05-04.1

Current through 2024 Legislative Session

Section 13-05-04.1 - Surety bond required

1. Each licensee shall maintain a surety bond in the amount of fifty thousand dollars.

2. The surety bond must be in a form as prescribed by the commissioner.

3. When an action is commenced on a licensee's bond, the commissioner may require the filing of a new bond.

4. Immediately upon recovery upon any action on the bond, the licensee shall file a new bond.

N.D.C.C. § 13-05-04.1

Amended by S.L. 2019, ch. 123 (SB 2093),§ 6, eff. 7/1/2019.

Added by S.L. 2011, ch. 106 (HB 1080),§ 7, eff. 8/1/2011.