Credit-sale contract indemnity fund - Eligibility for reimbursement
N.D. Cent. Code § 4.1-61-04
in effect4.1-61-04. Credit-sale contract indemnity fund - Eligibility for reimbursement
A person is eligible to receive indemnity payments from the credit-sale contract indemnity
fund if:
1. After August 1, 2003, the person sold grain to a licensed warehouse or a grain buyer in
this state under a credit-sale contract;
2. The licensed warehouse to which the person sold grain or the grain buyer to which the
person sold grain becomes insolvent; and
3. The licensed warehouse or the grain buyer, as a result of the insolvency, does not fully
compensate the person in accordance with the credit-sale contract.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c61.pdf#nameddest=4p1-61-04Fetched: 10/16/2026