Trust fund report - Notice to claimants - Approving or modifying report
N.D. Cent. Code § 4.1-25-20
in effect4.1-25-20. Trust fund report - Notice to claimants - Approving or modifying report
Upon recovery of the trust fund, or so much as is possible to recover, or as is necessary to
pay all outstanding claims, the department shall file a report in court showing the amount
payable upon each claim, after recognizing any proper liens, pledges, assignments, or
deductions with legal interest. If the fund proves insufficient to redeem all claims in full, the fund
must be prorated among the claimants in a manner the department deems fair and equitable.
Once the report is received from the department, the court shall notify all claimants by mail to
appear on a day fixed in the notice and show cause why the report should not be approved and
the funds distributed as outlined in the report. Upon such hearing the court shall approve or
modify the report as justice may require and shall issue an order directing the distribution of the
fund and discharging the department as trustee.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c25.pdf#nameddest=4p1-25-20Fetched: 10/16/2026