N.D. Cent. Code § 13-12-07

Current through 2024 Legislative Session

Section 13-12-07 - Surety bond required

1. Each licensee shall maintain a surety bond in an amount not less than fifty thousand dollars. The surety bond must be in a form prescribed by the commissioner.

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

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

N.D.C.C. § 13-12-07

Added by S.L. 2023 , ch. 138( SB 2090 ), § 12, eff. 7/1/2023.

See S.L. 2023 , ch. 138( SB 2090 ), § 14.