N.D. Cent. Code § 4.1-83-28

Current through 2023 Legislative Sessions

Section 4.1-83-28 - Report of amounts payable - Distribution of trust fund

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.

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.

N.D.C.C. § 4.1-83-28

Amended by S.L. 2021, ch. 9 (HB 1009),§ 17, eff. 5/3/2021.

Added by S.L. 2013, ch. 72 (HB 1026),§ 5, eff. 7/1/2013.