Minimum net worth required
N.D. Cent. Code § 13-05-04.2
in effect13-05-04.2. Minimum net worth required
A minimum net worth must be continuously maintained by every licensee in accordance
with this section.
1. Minimum net worth must be maintained in the amount of twenty-five thousand dollars.
2. If the net worth of a licensee falls below the minimum net worth as set forth in
subsection 1, the licensee shall provide a plan, subject to the approval of the
commissioner, to increase the licensee's net worth to an amount in conformance with
this section. Submission of a plan under this section must be made within twenty
business days of a notice from the commissioner that the licensee is not in compliance
with subsection 1. If the licensee does not submit a plan under this section, fails to
comply with an approved plan, or has repeated violations of subsection 1, the
commissioner may revoke the license.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t13c05.pdf#nameddest=13-05-04p2Fetched: 10/16/2026