N.D. Cent. Code § 4.1-61-08

Current through 2024 Legislative Sessions
Section 4.1-61-08 - Reimbursement for later insolvencies

The commissioner shall ensure all persons eligible for payment from the indemnity fund as a result of an insolvency are fully compensated to the extent permitted by this chapter before any payments from the indemnity fund are initiated as a result of a later insolvency. The chronological order of insolvencies is determined by the date the commissioner is appointed trustee under section 4.1-58-40 or 4.1-59-21.

N.D.C.C. § 4.1-61-08

Added by S.L. 2023 , ch. 89( HB 1393 ), § 4, eff. 7/1/2023.