N.D. Cent. Code § 4.1-59-28

Current through 2023 Legislative Sessions

Section 4.1-59-28 - Power of commissioner to prosecute or compromise claims

The commissioner may:

1. Prosecute an action provided in sections 4.1-59-21 through 4.1-59-31 in any court in this state or in any other state.

2. Appeal from an adverse judgment to the courts of last resort.

3. Settle and compromise an action if it will be in the best interests of the receiptholders.

4. Settle and compromise an action if it is in the best interests of the credit-sale contract claimants.

5. Upon payment of the amount of any settlement or of the full amount of any bond, exonerate the person so paying from further liability growing out of the action.

N.D.C.C. § 4.1-59-28

Added by S.L. 2023 , ch. 89( HB 1393 ), § 2, eff. 7/1/2023.